Facility
£350,000
Current balance
£168,368
All-in rate
12.25%
Term
36 months
Days past due
31
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 | 26 Dec 2021 | £3,573 | £9,722 | £13,295 | £340,278 |
| 2 | 26 Jan 2022 | £3,474 | £9,722 | £13,196 | £330,556 |
| 3 | 26 Feb 2022 | £3,374 | £9,722 | £13,097 | £320,833 |
| 4 | 26 Mar 2022 | £3,275 | £9,722 | £12,997 | £311,111 |
| 5 | 26 Apr 2022 | £3,176 | £9,722 | £12,898 | £301,389 |
| 6 | 26 May 2022 | £3,077 | £9,722 | £12,799 | £291,667 |
| 7 | 26 Jun 2022 | £2,977 | £9,722 | £12,700 | £281,944 |
| 8 | 26 Jul 2022 | £2,878 | £9,722 | £12,600 | £272,222 |
Facility history
Continuous, auditable record from application to closure
26 Nov 2021
Facility drawn
£350,000 released to solicitor client account
26 Nov 2021
Conditions precedent satisfied
Debenture, personal guarantee and legal opinion received
26 Nov 2021
DD mandates live
1 mandate confirmed with BACS bureau
26 Jan 2022
First collection
£13,295 collected and allocated
26 Mar 2022
Covenant test — Q1
DSCR 0.75x against 1.25x floor
26 May 2022
Direct debit failed
Funds moved to suspense, lender sweep stopped
26 Jun 2022
Arrears clock started — 31 days
Notice issued under Monitoring & Recoveries Policy
Credit profile
- Company number
- 06553047
- Sector
- Food & Beverage
- Security
- Asset Backed
- LTV
- 52%
- Leverage
- 3.6x
- DSCR
- 0.75x
- Drawdown
- 26 Nov 2021
- Grade
- G5/5
Lender allocation
Attribution held in the ledger
£168,368 outstanding
Documents
- Facility agreement (executed)On file
- Debenture & MR01 filingOn file
- Completion statementOn file
- Valuation reportOn file
- Personal guaranteeOn file
- Latest management accountsOn file