Facility
£3,350,000
Current balance
£2,256,038
All-in rate
8.50%
Term
36 months
Days past due
—
Repayment waterfall
How the next receipt is applied, per Formance ledger configuration
Each tranche is then attributed across 2 lender positions as a ledger fact — no batch recomputation.
Amortisation schedule
First eight periods
| # | Due | Interest | Principal | Total | Closing balance |
|---|---|---|---|---|---|
| 1 | 01 Jan 2026 | £23,729 | £93,056 | £116,785 | £3,256,944 |
| 2 | 01 Feb 2026 | £23,070 | £93,056 | £116,126 | £3,163,889 |
| 3 | 01 Mar 2026 | £22,411 | £93,056 | £115,466 | £3,070,833 |
| 4 | 01 Apr 2026 | £21,752 | £93,056 | £114,807 | £2,977,778 |
| 5 | 01 May 2026 | £21,093 | £93,056 | £114,148 | £2,884,722 |
| 6 | 01 Jun 2026 | £20,433 | £93,056 | £113,489 | £2,791,667 |
| 7 | 01 Jul 2026 | £19,774 | £93,056 | £112,830 | £2,698,611 |
| 8 | 01 Aug 2026 | £19,115 | £93,056 | £112,171 | £2,605,556 |
Facility history
Continuous, auditable record from application to closure
01 Dec 2025
Facility drawn
£3,350,000 released to solicitor client account
01 Dec 2025
Conditions precedent satisfied
Debenture, personal guarantee and legal opinion received
01 Dec 2025
DD mandates live
2 mandates confirmed with BACS bureau
01 Feb 2026
First collection
£116,785 collected and allocated
01 Apr 2026
Covenant test — Q1
DSCR 1.69x against 1.25x floor
Credit profile
- Company number
- 05981397
- Sector
- Software & Services
- Security
- Cash Flow
- LTV
- 78%
- Leverage
- 2.1x
- DSCR
- 1.69x
- Drawdown
- 01 Dec 2025
- Grade
- G2/5
Lender allocation
Attribution held in the ledger
£1,173,140 outstanding
£1,082,898 outstanding
Documents
- Facility agreement (executed)On file
- Debenture & MR01 filingOn file
- Completion statementOn file
- Valuation reportOn file
- Personal guaranteeOn file
- Latest management accountsOn file