Facility
£3,350,000
Current balance
£1,194,354
All-in rate
9.75%
Term
72 months
Days past due
—
Repayment waterfall
How the next receipt is applied, per Formance ledger configuration
Each tranche is then attributed across 6 lender positions as a ledger fact — no batch recomputation.
Amortisation schedule
First eight periods
| # | Due | Interest | Principal | Total | Closing balance |
|---|---|---|---|---|---|
| 1 | 05 May 2022 | £27,219 | £46,528 | £73,747 | £3,303,472 |
| 2 | 05 Jun 2022 | £26,841 | £46,528 | £73,368 | £3,256,944 |
| 3 | 05 Jul 2022 | £26,463 | £46,528 | £72,990 | £3,210,417 |
| 4 | 05 Aug 2022 | £26,085 | £46,528 | £72,612 | £3,163,889 |
| 5 | 05 Sept 2022 | £25,707 | £46,528 | £72,234 | £3,117,361 |
| 6 | 05 Oct 2022 | £25,329 | £46,528 | £71,856 | £3,070,833 |
| 7 | 05 Nov 2022 | £24,951 | £46,528 | £71,478 | £3,024,306 |
| 8 | 05 Dec 2022 | £24,572 | £46,528 | £71,100 | £2,977,778 |
Facility history
Continuous, auditable record from application to closure
05 Apr 2022
Facility drawn
£3,350,000 released to solicitor client account
05 Apr 2022
Conditions precedent satisfied
Debenture, personal guarantee and legal opinion received
05 Apr 2022
DD mandates live
6 mandates confirmed with BACS bureau
05 Jun 2022
First collection
£73,747 collected and allocated
05 Aug 2022
Covenant test — Q1
DSCR 1.44x against 1.25x floor
Credit profile
- Company number
- 12868307
- Sector
- Transportation
- Security
- Hybrid
- LTV
- 70%
- Leverage
- 2.7x
- DSCR
- 1.44x
- Drawdown
- 05 Apr 2022
- Grade
- G3/5
Lender allocation
Attribution held in the ledger
£207,021 outstanding
£191,097 outstanding
£207,021 outstanding
£191,097 outstanding
£207,021 outstanding
£191,097 outstanding
Documents
- Facility agreement (executed)On file
- Debenture & MR01 filingOn file
- Completion statementOn file
- Valuation reportOn file
- Personal guaranteeOn file
- Latest management accountsOn file