BLN10057 · Uplands Foods — Life of a Loan

Facility

£5,500,000

Current balance

£2,082,307

All-in rate

11.00%

Term

60 months

Days past due

Repayment waterfall

How the next receipt is applied, per Formance ledger configuration

Receipt £142,083

→

Fees & charges

£2,842

Accrued interest

£50,417

Principal

£88,825

Each tranche is then attributed across 5 lender positions as a ledger fact — no batch recomputation.

First eight periods

#	Due	Interest	Principal	Total	Closing balance
1	19 Dec 2025	£50,417	£91,667	£142,083	£5,408,333
2	19 Jan 2026	£49,576	£91,667	£141,243	£5,316,667
3	19 Feb 2026	£48,736	£91,667	£140,403	£5,225,000
4	19 Mar 2026	£47,896	£91,667	£139,563	£5,133,333
5	19 Apr 2026	£47,056	£91,667	£138,722	£5,041,667
6	19 May 2026	£46,215	£91,667	£137,882	£4,950,000
7	19 Jun 2026	£45,375	£91,667	£137,042	£4,858,333
8	19 Jul 2026	£44,535	£91,667	£136,201	£4,766,667

Continuous, auditable record from application to closure

19 Nov 2025
Facility drawn
£5,500,000 released to solicitor client account
19 Nov 2025
Conditions precedent satisfied
Debenture, personal guarantee and legal opinion received
19 Nov 2025
DD mandates live
5 mandates confirmed with BACS bureau
19 Jan 2026
First collection
£142,083 collected and allocated
19 Mar 2026
Covenant test — Q1
DSCR 1.06x against 1.25x floor
19 May 2026
Direct debit failed
Funds moved to suspense, lender sweep stopped
19 Jun 2026
Arrears clock started — 12 days
Notice issued under Monitoring & Recoveries Policy

Attribution held in the ledger

Northgate Capital20.6%

£429,682 outstanding

Selwyn Nominees19.0%

£396,630 outstanding

Cavendish Income Fund20.6%

£429,682 outstanding

Ravensworth LLP19.0%

£396,630 outstanding

Brightwater Trust20.6%

£429,682 outstanding