Facility
£1,500,000
Current balance
£1,033,013
All-in rate
9.75%
Term
48 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 | 26 Oct 2021 | £12,188 | £31,250 | £43,438 | £1,468,750 |
| 2 | 26 Nov 2021 | £11,934 | £31,250 | £43,184 | £1,437,500 |
| 3 | 26 Dec 2021 | £11,680 | £31,250 | £42,930 | £1,406,250 |
| 4 | 26 Jan 2022 | £11,426 | £31,250 | £42,676 | £1,375,000 |
| 5 | 26 Feb 2022 | £11,172 | £31,250 | £42,422 | £1,343,750 |
| 6 | 26 Mar 2022 | £10,918 | £31,250 | £42,168 | £1,312,500 |
| 7 | 26 Apr 2022 | £10,664 | £31,250 | £41,914 | £1,281,250 |
| 8 | 26 May 2022 | £10,410 | £31,250 | £41,660 | £1,250,000 |
Facility history
Continuous, auditable record from application to closure
26 Sept 2021
Facility drawn
£1,500,000 released to solicitor client account
26 Sept 2021
Conditions precedent satisfied
Debenture, personal guarantee and legal opinion received
26 Sept 2021
DD mandates live
2 mandates confirmed with BACS bureau
26 Nov 2021
First collection
£43,438 collected and allocated
26 Jan 2022
Covenant test — Q1
DSCR 2.00x against 1.25x floor
Credit profile
- Company number
- 05973807
- Sector
- Software & Services
- Security
- Hybrid
- LTV
- 60%
- Leverage
- 1.9x
- DSCR
- 2.00x
- Drawdown
- 26 Sept 2021
- Grade
- G3/5
Approved outside current credit policy — exception recorded at origination.
Lender allocation
Attribution held in the ledger
£537,167 outstanding
£495,846 outstanding
Documents
- Facility agreement (executed)On file
- Debenture & MR01 filingOn file
- Completion statementOn file
- Valuation reportOn file
- Personal guaranteeOn file
- Latest management accountsOn file