Facility
£2,500,000
Current balance
£1,460,161
All-in rate
11.00%
Term
60 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 | 05 Oct 2023 | £22,917 | £41,667 | £64,583 | £2,458,333 |
| 2 | 05 Nov 2023 | £22,535 | £41,667 | £64,201 | £2,416,667 |
| 3 | 05 Dec 2023 | £22,153 | £41,667 | £63,819 | £2,375,000 |
| 4 | 05 Jan 2024 | £21,771 | £41,667 | £63,438 | £2,333,333 |
| 5 | 05 Feb 2024 | £21,389 | £41,667 | £63,056 | £2,291,667 |
| 6 | 05 Mar 2024 | £21,007 | £41,667 | £62,674 | £2,250,000 |
| 7 | 05 Apr 2024 | £20,625 | £41,667 | £62,292 | £2,208,333 |
| 8 | 05 May 2024 | £20,243 | £41,667 | £61,910 | £2,166,667 |
Facility history
Continuous, auditable record from application to closure
05 Sept 2023
Facility drawn
£2,500,000 released to solicitor client account
05 Sept 2023
Conditions precedent satisfied
Debenture, personal guarantee and legal opinion received
05 Sept 2023
DD mandates live
2 mandates confirmed with BACS bureau
05 Nov 2023
First collection
£64,583 collected and allocated
05 Jan 2024
Covenant test — Q1
DSCR 1.18x against 1.25x floor
Credit profile
- Company number
- 01528805
- Sector
- Health Care Equipment
- Security
- Asset Backed
- LTV
- 71%
- Leverage
- 2.7x
- DSCR
- 1.18x
- Drawdown
- 05 Sept 2023
- Grade
- G4/5
Lender allocation
Attribution held in the ledger
£759,284 outstanding
£700,877 outstanding
Documents
- Facility agreement (executed)On file
- Debenture & MR01 filingOn file
- Completion statementOn file
- Valuation reportOn file
- Personal guaranteeOn file
- Latest management accountsOn file