Facility
£3,350,000
Current balance
£2,105,544
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 | 12 Jun 2026 | £27,219 | £93,056 | £120,274 | £3,256,944 |
| 2 | 12 Jul 2026 | £26,463 | £93,056 | £119,518 | £3,163,889 |
| 3 | 12 Aug 2026 | £25,707 | £93,056 | £118,762 | £3,070,833 |
| 4 | 12 Sept 2026 | £24,951 | £93,056 | £118,006 | £2,977,778 |
| 5 | 12 Oct 2026 | £24,194 | £93,056 | £117,250 | £2,884,722 |
| 6 | 12 Nov 2026 | £23,438 | £93,056 | £116,494 | £2,791,667 |
| 7 | 12 Dec 2026 | £22,682 | £93,056 | £115,738 | £2,698,611 |
| 8 | 12 Jan 2027 | £21,926 | £93,056 | £114,982 | £2,605,556 |
Facility history
Continuous, auditable record from application to closure
12 May 2026
Facility drawn
£3,350,000 released to solicitor client account
12 May 2026
Conditions precedent satisfied
Debenture, personal guarantee and legal opinion received
12 May 2026
DD mandates live
5 mandates confirmed with BACS bureau
12 Jul 2026
First collection
£120,274 collected and allocated
12 Sept 2026
Covenant test — Q1
DSCR 1.53x against 1.25x floor
Credit profile
- Company number
- 11189570
- Sector
- Software & Services
- Security
- Cash Flow
- LTV
- 72%
- Leverage
- 2.5x
- DSCR
- 1.53x
- Drawdown
- 12 May 2026
- Grade
- G3/5
Lender allocation
Attribution held in the ledger
£434,477 outstanding
£401,056 outstanding
£434,477 outstanding
£401,056 outstanding
£434,477 outstanding
Documents
- Facility agreement (executed)On file
- Debenture & MR01 filingOn file
- Completion statementOn file
- Valuation reportOn file
- Personal guaranteeOn file
- Latest management accountsOn file