Facility
£4,000,000
Current balance
£1,526,076
All-in rate
9.75%
Term
72 months
Days past due
—
Repayment waterfall
How the next receipt is applied, per Formance ledger configuration
Each tranche is then attributed across 4 lender positions as a ledger fact — no batch recomputation.
Amortisation schedule
First eight periods
| # | Due | Interest | Principal | Total | Closing balance |
|---|---|---|---|---|---|
| 1 | 06 Nov 2024 | £32,500 | £55,556 | £88,056 | £3,944,444 |
| 2 | 06 Dec 2024 | £32,049 | £55,556 | £87,604 | £3,888,889 |
| 3 | 06 Jan 2025 | £31,597 | £55,556 | £87,153 | £3,833,333 |
| 4 | 06 Feb 2025 | £31,146 | £55,556 | £86,701 | £3,777,778 |
| 5 | 06 Mar 2025 | £30,694 | £55,556 | £86,250 | £3,722,222 |
| 6 | 06 Apr 2025 | £30,243 | £55,556 | £85,799 | £3,666,667 |
| 7 | 06 May 2025 | £29,792 | £55,556 | £85,347 | £3,611,111 |
| 8 | 06 Jun 2025 | £29,340 | £55,556 | £84,896 | £3,555,556 |
Facility history
Continuous, auditable record from application to closure
06 Oct 2024
Facility drawn
£4,000,000 released to solicitor client account
06 Oct 2024
Conditions precedent satisfied
Debenture, personal guarantee and legal opinion received
06 Oct 2024
DD mandates live
4 mandates confirmed with BACS bureau
06 Dec 2024
First collection
£88,056 collected and allocated
06 Feb 2025
Covenant test — Q1
DSCR 2.68x against 1.25x floor
Credit profile
- Company number
- 12921007
- Sector
- Media
- Security
- Cash Flow
- LTV
- 71%
- Leverage
- 2.2x
- DSCR
- 2.68x
- Drawdown
- 06 Oct 2024
- Grade
- G3/5
Approved outside current credit policy — exception recorded at origination.
Lender allocation
Attribution held in the ledger
£396,780 outstanding
£366,258 outstanding
£396,780 outstanding
£366,258 outstanding
Documents
- Facility agreement (executed)On file
- Debenture & MR01 filingOn file
- Completion statementOn file
- Valuation reportOn file
- Personal guaranteeOn file
- Latest management accountsOn file