Facility
£1,500,000
Current balance
£1,362,074
All-in rate
9.75%
Term
60 months
Days past due
—
Repayment waterfall
How the next receipt is applied, per Formance ledger configuration
Each tranche is then attributed across 1 lender position as a ledger fact — no batch recomputation.
Amortisation schedule
First eight periods
| # | Due | Interest | Principal | Total | Closing balance |
|---|---|---|---|---|---|
| 1 | 09 Apr 2026 | £12,188 | £25,000 | £37,188 | £1,475,000 |
| 2 | 09 May 2026 | £11,984 | £25,000 | £36,984 | £1,450,000 |
| 3 | 09 Jun 2026 | £11,781 | £25,000 | £36,781 | £1,425,000 |
| 4 | 09 Jul 2026 | £11,578 | £25,000 | £36,578 | £1,400,000 |
| 5 | 09 Aug 2026 | £11,375 | £25,000 | £36,375 | £1,375,000 |
| 6 | 09 Sept 2026 | £11,172 | £25,000 | £36,172 | £1,350,000 |
| 7 | 09 Oct 2026 | £10,969 | £25,000 | £35,969 | £1,325,000 |
| 8 | 09 Nov 2026 | £10,766 | £25,000 | £35,766 | £1,300,000 |
Facility history
Continuous, auditable record from application to closure
09 Mar 2026
Facility drawn
£1,500,000 released to solicitor client account
09 Mar 2026
Conditions precedent satisfied
Debenture, personal guarantee and legal opinion received
09 Mar 2026
DD mandates live
1 mandate confirmed with BACS bureau
09 May 2026
First collection
£37,188 collected and allocated
09 Jul 2026
Covenant test — Q1
DSCR 2.45x against 1.25x floor
Credit profile
- Company number
- 09808045
- Sector
- Specialty Retail
- Security
- Asset Backed
- LTV
- 52%
- Leverage
- 1.7x
- DSCR
- 2.45x
- Drawdown
- 09 Mar 2026
- Grade
- G3/5
Approved outside current credit policy — exception recorded at origination.
Lender allocation
Attribution held in the ledger
£1,362,074 outstanding
Documents
- Facility agreement (executed)On file
- Debenture & MR01 filingOn file
- Completion statementOn file
- Valuation reportOn file
- Personal guaranteeOn file
- Latest management accountsOn file