Facility
£4,000,000
Current balance
£3,460,673
All-in rate
9.75%
Term
36 months
Days past due
—
Repayment waterfall
How the next receipt is applied, per Formance ledger configuration
Each tranche is then attributed across 5 lender positions as a ledger fact — no batch recomputation.
Amortisation schedule
First eight periods
| # | Due | Interest | Principal | Total | Closing balance |
|---|---|---|---|---|---|
| 1 | 18 Sept 2025 | £32,500 | £111,111 | £143,611 | £3,888,889 |
| 2 | 18 Oct 2025 | £31,597 | £111,111 | £142,708 | £3,777,778 |
| 3 | 18 Nov 2025 | £30,694 | £111,111 | £141,806 | £3,666,667 |
| 4 | 18 Dec 2025 | £29,792 | £111,111 | £140,903 | £3,555,556 |
| 5 | 18 Jan 2026 | £28,889 | £111,111 | £140,000 | £3,444,444 |
| 6 | 18 Feb 2026 | £27,986 | £111,111 | £139,097 | £3,333,333 |
| 7 | 18 Mar 2026 | £27,083 | £111,111 | £138,194 | £3,222,222 |
| 8 | 18 Apr 2026 | £26,181 | £111,111 | £137,292 | £3,111,111 |
Facility history
Continuous, auditable record from application to closure
18 Aug 2025
Facility drawn
£4,000,000 released to solicitor client account
18 Aug 2025
Conditions precedent satisfied
Debenture, personal guarantee and legal opinion received
18 Aug 2025
DD mandates live
5 mandates confirmed with BACS bureau
18 Oct 2025
First collection
£143,611 collected and allocated
18 Dec 2025
Covenant test — Q1
DSCR 2.40x against 1.25x floor
Credit profile
- Company number
- 06647029
- Sector
- Transportation
- Security
- Asset Backed
- LTV
- 78%
- Leverage
- 1.8x
- DSCR
- 2.40x
- Drawdown
- 18 Aug 2025
- Grade
- G3/5
Lender allocation
Attribution held in the ledger
£714,107 outstanding
£659,176 outstanding
£714,107 outstanding
£659,176 outstanding
£714,107 outstanding
Documents
- Facility agreement (executed)On file
- Debenture & MR01 filingOn file
- Completion statementOn file
- Valuation reportOn file
- Personal guaranteeOn file
- Latest management accountsOn file