Facility
£3,350,000
Current balance
£2,843,184
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 1 lender position as a ledger fact — no batch recomputation.
Amortisation schedule
First eight periods
| # | Due | Interest | Principal | Total | Closing balance |
|---|---|---|---|---|---|
| 1 | 25 Jun 2022 | £27,219 | £69,792 | £97,010 | £3,280,208 |
| 2 | 25 Jul 2022 | £26,652 | £69,792 | £96,443 | £3,210,417 |
| 3 | 25 Aug 2022 | £26,085 | £69,792 | £95,876 | £3,140,625 |
| 4 | 25 Sept 2022 | £25,518 | £69,792 | £95,309 | £3,070,833 |
| 5 | 25 Oct 2022 | £24,951 | £69,792 | £94,742 | £3,001,042 |
| 6 | 25 Nov 2022 | £24,383 | £69,792 | £94,175 | £2,931,250 |
| 7 | 25 Dec 2022 | £23,816 | £69,792 | £93,608 | £2,861,458 |
| 8 | 25 Jan 2023 | £23,249 | £69,792 | £93,041 | £2,791,667 |
Facility history
Continuous, auditable record from application to closure
25 May 2022
Facility drawn
£3,350,000 released to solicitor client account
25 May 2022
Conditions precedent satisfied
Debenture, personal guarantee and legal opinion received
25 May 2022
DD mandates live
1 mandate confirmed with BACS bureau
25 Jul 2022
First collection
£97,010 collected and allocated
25 Sept 2022
Covenant test — Q1
DSCR 2.09x against 1.25x floor
Credit profile
- Company number
- 10237262
- Sector
- Construction & Engineering
- Security
- Asset Backed
- LTV
- 78%
- Leverage
- 1.3x
- DSCR
- 2.09x
- Drawdown
- 25 May 2022
- Grade
- G3/5
Approved outside current credit policy — exception recorded at origination.
Lender allocation
Attribution held in the ledger
£2,843,184 outstanding
Documents
- Facility agreement (executed)On file
- Debenture & MR01 filingOn file
- Completion statementOn file
- Valuation reportOn file
- Personal guaranteeOn file
- Latest management accountsOn file