Facility
£600,000
Current balance
£361,610
All-in rate
11.00%
Term
60 months
Days past due
47
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 | 19 Dec 2022 | £5,500 | £10,000 | £15,500 | £590,000 |
| 2 | 19 Jan 2023 | £5,408 | £10,000 | £15,408 | £580,000 |
| 3 | 19 Feb 2023 | £5,317 | £10,000 | £15,317 | £570,000 |
| 4 | 19 Mar 2023 | £5,225 | £10,000 | £15,225 | £560,000 |
| 5 | 19 Apr 2023 | £5,133 | £10,000 | £15,133 | £550,000 |
| 6 | 19 May 2023 | £5,042 | £10,000 | £15,042 | £540,000 |
| 7 | 19 Jun 2023 | £4,950 | £10,000 | £14,950 | £530,000 |
| 8 | 19 Jul 2023 | £4,858 | £10,000 | £14,858 | £520,000 |
Facility history
Continuous, auditable record from application to closure
19 Nov 2022
Facility drawn
£600,000 released to solicitor client account
19 Nov 2022
Conditions precedent satisfied
Debenture, personal guarantee and legal opinion received
19 Nov 2022
DD mandates live
3 mandates confirmed with BACS bureau
19 Jan 2023
First collection
£15,500 collected and allocated
19 Mar 2023
Covenant test — Q1
DSCR 1.10x against 1.25x floor
19 May 2023
Direct debit failed
Funds moved to suspense, lender sweep stopped
19 Jun 2023
Arrears clock started — 47 days
Notice issued under Monitoring & Recoveries Policy
Credit profile
- Company number
- 07726042
- Sector
- Media
- Security
- Cash Flow
- LTV
- 77%
- Leverage
- 4.1x
- DSCR
- 1.10x
- Drawdown
- 19 Nov 2022
- Grade
- G4/5
Lender allocation
Attribution held in the ledger
£123,709 outstanding
£114,193 outstanding
£123,709 outstanding
Documents
- Facility agreement (executed)On file
- Debenture & MR01 filingOn file
- Completion statementOn file
- Valuation reportOn file
- Personal guaranteeOn file
- Latest management accountsOn file