Facility
£3,350,000
Current balance
£1,980,712
All-in rate
7.25%
Term
36 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 | 08 Jun 2026 | £20,240 | £93,056 | £113,295 | £3,256,944 |
| 2 | 08 Jul 2026 | £19,677 | £93,056 | £112,733 | £3,163,889 |
| 3 | 08 Aug 2026 | £19,115 | £93,056 | £112,171 | £3,070,833 |
| 4 | 08 Sept 2026 | £18,553 | £93,056 | £111,609 | £2,977,778 |
| 5 | 08 Oct 2026 | £17,991 | £93,056 | £111,046 | £2,884,722 |
| 6 | 08 Nov 2026 | £17,429 | £93,056 | £110,484 | £2,791,667 |
| 7 | 08 Dec 2026 | £16,866 | £93,056 | £109,922 | £2,698,611 |
| 8 | 08 Jan 2027 | £16,304 | £93,056 | £109,360 | £2,605,556 |
Facility history
Continuous, auditable record from application to closure
08 May 2026
Facility drawn
£3,350,000 released to solicitor client account
08 May 2026
Conditions precedent satisfied
Debenture, personal guarantee and legal opinion received
08 May 2026
DD mandates live
2 mandates confirmed with BACS bureau
08 Jul 2026
First collection
£113,295 collected and allocated
08 Sept 2026
Covenant test — Q1
DSCR 2.32x against 1.25x floor
Credit profile
- Company number
- 10999754
- Sector
- Software & Services
- Security
- Hybrid
- LTV
- 38%
- Leverage
- 2.1x
- DSCR
- 2.32x
- Drawdown
- 08 May 2026
- Grade
- G1/5
Lender allocation
Attribution held in the ledger
£1,029,970 outstanding
£950,742 outstanding
Documents
- Facility agreement (executed)On file
- Debenture & MR01 filingOn file
- Completion statementOn file
- Valuation reportOn file
- Personal guaranteeOn file
- Latest management accountsOn file