Facility
£2,500,000
Current balance
£2,360,384
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 | 22 Mar 2022 | £17,708 | £69,444 | £87,153 | £2,430,556 |
| 2 | 22 Apr 2022 | £17,216 | £69,444 | £86,661 | £2,361,111 |
| 3 | 22 May 2022 | £16,725 | £69,444 | £86,169 | £2,291,667 |
| 4 | 22 Jun 2022 | £16,233 | £69,444 | £85,677 | £2,222,222 |
| 5 | 22 Jul 2022 | £15,741 | £69,444 | £85,185 | £2,152,778 |
| 6 | 22 Aug 2022 | £15,249 | £69,444 | £84,693 | £2,083,333 |
| 7 | 22 Sept 2022 | £14,757 | £69,444 | £84,201 | £2,013,889 |
| 8 | 22 Oct 2022 | £14,265 | £69,444 | £83,709 | £1,944,444 |
Facility history
Continuous, auditable record from application to closure
22 Feb 2022
Facility drawn
£2,500,000 released to solicitor client account
22 Feb 2022
Conditions precedent satisfied
Debenture, personal guarantee and legal opinion received
22 Feb 2022
DD mandates live
2 mandates confirmed with BACS bureau
22 Apr 2022
First collection
£87,153 collected and allocated
22 Jun 2022
Covenant test — Q1
DSCR 2.32x against 1.25x floor
Credit profile
- Company number
- 11114078
- Sector
- Specialty Retail
- Security
- Hybrid
- LTV
- 66%
- Leverage
- 2.3x
- DSCR
- 2.32x
- Drawdown
- 22 Feb 2022
- Grade
- G2/5
Lender allocation
Attribution held in the ledger
£1,227,400 outstanding
£1,132,984 outstanding
Documents
- Facility agreement (executed)On file
- Debenture & MR01 filingOn file
- Completion statementOn file
- Valuation reportOn file
- Personal guaranteeOn file
- Latest management accountsOn file