Facility
£1,500,000
Current balance
£1,042,247
All-in rate
8.50%
Term
24 months
Days past due
—
Repayment waterfall
How the next receipt is applied, per Formance ledger configuration
Each tranche is then attributed across 3 lender positions as a ledger fact — no batch recomputation.
Amortisation schedule
First eight periods
| # | Due | Interest | Principal | Total | Closing balance |
|---|---|---|---|---|---|
| 1 | 28 Jun 2021 | £10,625 | £62,500 | £73,125 | £1,437,500 |
| 2 | 28 Jul 2021 | £10,182 | £62,500 | £72,682 | £1,375,000 |
| 3 | 28 Aug 2021 | £9,740 | £62,500 | £72,240 | £1,312,500 |
| 4 | 28 Sept 2021 | £9,297 | £62,500 | £71,797 | £1,250,000 |
| 5 | 28 Oct 2021 | £8,854 | £62,500 | £71,354 | £1,187,500 |
| 6 | 28 Nov 2021 | £8,411 | £62,500 | £70,911 | £1,125,000 |
| 7 | 28 Dec 2021 | £7,969 | £62,500 | £70,469 | £1,062,500 |
| 8 | 28 Jan 2022 | £7,526 | £62,500 | £70,026 | £1,000,000 |
Facility history
Continuous, auditable record from application to closure
28 May 2021
Facility drawn
£1,500,000 released to solicitor client account
28 May 2021
Conditions precedent satisfied
Debenture, personal guarantee and legal opinion received
28 May 2021
DD mandates live
3 mandates confirmed with BACS bureau
28 Jul 2021
First collection
£73,125 collected and allocated
28 Sept 2021
Covenant test — Q1
DSCR 2.75x against 1.25x floor
Credit profile
- Company number
- 09240898
- Sector
- Food & Beverage
- Security
- Asset Backed
- LTV
- 62%
- Leverage
- 2.2x
- DSCR
- 2.75x
- Drawdown
- 28 May 2021
- Grade
- G2/5
Lender allocation
Attribution held in the ledger
£356,558 outstanding
£329,131 outstanding
£356,558 outstanding
Documents
- Facility agreement (executed)On file
- Debenture & MR01 filingOn file
- Completion statementOn file
- Valuation reportOn file
- Personal guaranteeOn file
- Latest management accountsOn file