BLN10092 · Brightmoor Technologies

Facility

£5,500,000

Current balance

£4,623,948

All-in rate

11.00%

Term

72 months

Days past due

Repayment waterfall

How the next receipt is applied, per Formance ledger configuration

Receipt £126,806

→

Fees & charges

£2,536

Accrued interest

£50,417

Principal

£73,853

Each tranche is then attributed across 4 lender positions as a ledger fact — no batch recomputation.

First eight periods

#	Due	Interest	Principal	Total	Closing balance
1	26 Jun 2021	£50,417	£76,389	£126,806	£5,423,611
2	26 Jul 2021	£49,716	£76,389	£126,105	£5,347,222
3	26 Aug 2021	£49,016	£76,389	£125,405	£5,270,833
4	26 Sept 2021	£48,316	£76,389	£124,705	£5,194,444
5	26 Oct 2021	£47,616	£76,389	£124,005	£5,118,056
6	26 Nov 2021	£46,916	£76,389	£123,304	£5,041,667
7	26 Dec 2021	£46,215	£76,389	£122,604	£4,965,278
8	26 Jan 2022	£45,515	£76,389	£121,904	£4,888,889

Continuous, auditable record from application to closure

26 May 2021
Facility drawn
£5,500,000 released to solicitor client account
26 May 2021
Conditions precedent satisfied
Debenture, personal guarantee and legal opinion received
26 May 2021
DD mandates live
4 mandates confirmed with BACS bureau
26 Jul 2021
First collection
£126,806 collected and allocated
26 Sept 2021
Covenant test — Q1
DSCR 0.86x against 1.25x floor
26 Nov 2021
Direct debit failed
Funds moved to suspense, lender sweep stopped
26 Dec 2021
Arrears clock started — 47 days
Notice issued under Monitoring & Recoveries Policy

Attribution held in the ledger

Northgate Capital26.0%

£1,202,226 outstanding

Selwyn Nominees24.0%

£1,109,748 outstanding

Cavendish Income Fund26.0%

£1,202,226 outstanding

Ravensworth LLP24.0%

£1,109,748 outstanding