Facility
£2,000,000
Current balance
£1,917,568
All-in rate
9.75%
Term
48 months
Days past due
—
Repayment waterfall
How the next receipt is applied, per Formance ledger configuration
Each tranche is then attributed across 3 lender positions as a ledger fact — no batch recomputation.
Amortisation schedule
First eight periods
| # | Due | Interest | Principal | Total | Closing balance |
|---|---|---|---|---|---|
| 1 | 07 Apr 2025 | £16,250 | £41,667 | £57,917 | £1,958,333 |
| 2 | 07 May 2025 | £15,911 | £41,667 | £57,578 | £1,916,667 |
| 3 | 07 Jun 2025 | £15,573 | £41,667 | £57,240 | £1,875,000 |
| 4 | 07 Jul 2025 | £15,234 | £41,667 | £56,901 | £1,833,333 |
| 5 | 07 Aug 2025 | £14,896 | £41,667 | £56,562 | £1,791,667 |
| 6 | 07 Sept 2025 | £14,557 | £41,667 | £56,224 | £1,750,000 |
| 7 | 07 Oct 2025 | £14,219 | £41,667 | £55,885 | £1,708,333 |
| 8 | 07 Nov 2025 | £13,880 | £41,667 | £55,547 | £1,666,667 |
Facility history
Continuous, auditable record from application to closure
07 Mar 2025
Facility drawn
£2,000,000 released to solicitor client account
07 Mar 2025
Conditions precedent satisfied
Debenture, personal guarantee and legal opinion received
07 Mar 2025
DD mandates live
3 mandates confirmed with BACS bureau
07 May 2025
First collection
£57,917 collected and allocated
07 Jul 2025
Covenant test — Q1
DSCR 2.18x against 1.25x floor
Credit profile
- Company number
- 04841838
- Sector
- Machinery
- Security
- Asset Backed
- LTV
- 62%
- Leverage
- 2.5x
- DSCR
- 2.18x
- Drawdown
- 07 Mar 2025
- Grade
- G3/5
Lender allocation
Attribution held in the ledger
£656,010 outstanding
£605,548 outstanding
£656,010 outstanding
Documents
- Facility agreement (executed)On file
- Debenture & MR01 filingOn file
- Completion statementOn file
- Valuation reportOn file
- Personal guaranteeOn file
- Latest management accountsOn file