Facility
£3,350,000
Current balance
£2,589,393
All-in rate
8.50%
Term
24 months
Days past due
—
Repayment waterfall
How the next receipt is applied, per Formance ledger configuration
Each tranche is then attributed across 4 lender positions as a ledger fact — no batch recomputation.
Amortisation schedule
First eight periods
| # | Due | Interest | Principal | Total | Closing balance |
|---|---|---|---|---|---|
| 1 | 23 Feb 2023 | £23,729 | £139,583 | £163,313 | £3,210,417 |
| 2 | 23 Mar 2023 | £22,740 | £139,583 | £162,324 | £3,070,833 |
| 3 | 23 Apr 2023 | £21,752 | £139,583 | £161,335 | £2,931,250 |
| 4 | 23 May 2023 | £20,763 | £139,583 | £160,346 | £2,791,667 |
| 5 | 23 Jun 2023 | £19,774 | £139,583 | £159,358 | £2,652,083 |
| 6 | 23 Jul 2023 | £18,786 | £139,583 | £158,369 | £2,512,500 |
| 7 | 23 Aug 2023 | £17,797 | £139,583 | £157,380 | £2,372,917 |
| 8 | 23 Sept 2023 | £16,808 | £139,583 | £156,391 | £2,233,333 |
Facility history
Continuous, auditable record from application to closure
23 Jan 2023
Facility drawn
£3,350,000 released to solicitor client account
23 Jan 2023
Conditions precedent satisfied
Debenture, personal guarantee and legal opinion received
23 Jan 2023
DD mandates live
4 mandates confirmed with BACS bureau
23 Mar 2023
First collection
£163,313 collected and allocated
23 May 2023
Covenant test — Q1
DSCR 2.15x against 1.25x floor
Credit profile
- Company number
- 10183551
- Sector
- Health Care Equipment
- Security
- Hybrid
- LTV
- 61%
- Leverage
- 2.4x
- DSCR
- 2.15x
- Drawdown
- 23 Jan 2023
- Grade
- G2/5
Lender allocation
Attribution held in the ledger
£673,242 outstanding
£621,454 outstanding
£673,242 outstanding
£621,454 outstanding
Documents
- Facility agreement (executed)On file
- Debenture & MR01 filingOn file
- Completion statementOn file
- Valuation reportOn file
- Personal guaranteeOn file
- Latest management accountsOn file