Facility
£2,500,000
Current balance
£1,895,905
All-in rate
8.50%
Term
72 months
Days past due
—
Repayment waterfall
How the next receipt is applied, per Formance ledger configuration
Receipt £52,431
→Fees & charges
£1,049
Accrued interest
£17,708
Principal
£33,674
Each tranche is then attributed across 1 lender position as a ledger fact — no batch recomputation.
Amortisation schedule
First eight periods
| # | Due | Interest | Principal | Total | Closing balance |
|---|---|---|---|---|---|
| 1 | 28 Feb 2021 | £17,708 | £34,722 | £52,431 | £2,465,278 |
| 2 | 28 Mar 2021 | £17,462 | £34,722 | £52,185 | £2,430,556 |
| 3 | 28 Apr 2021 | £17,216 | £34,722 | £51,939 | £2,395,833 |
| 4 | 28 May 2021 | £16,970 | £34,722 | £51,693 | £2,361,111 |
| 5 | 28 Jun 2021 | £16,725 | £34,722 | £51,447 | £2,326,389 |
| 6 | 28 Jul 2021 | £16,479 | £34,722 | £51,201 | £2,291,667 |
| 7 | 28 Aug 2021 | £16,233 | £34,722 | £50,955 | £2,256,944 |
| 8 | 28 Sept 2021 | £15,987 | £34,722 | £50,709 | £2,222,222 |
Facility history
Continuous, auditable record from application to closure
28 Jan 2021
Facility drawn
£2,500,000 released to solicitor client account
28 Jan 2021
Conditions precedent satisfied
Debenture, personal guarantee and legal opinion received
28 Jan 2021
DD mandates live
1 mandate confirmed with BACS bureau
28 Mar 2021
First collection
£52,431 collected and allocated
28 May 2021
Covenant test — Q1
DSCR 2.51x against 1.25x floor
Credit profile
- Company number
- 01751436
- Sector
- Health Care Equipment
- Security
- Hybrid
- LTV
- 36%
- Leverage
- 2.0x
- DSCR
- 2.51x
- Drawdown
- 28 Jan 2021
- Grade
- G2/5
Lender allocation
Attribution held in the ledger
Northgate Capital100.0%
£1,895,905 outstanding
Documents
- Facility agreement (executed)On file
- Debenture & MR01 filingOn file
- Completion statementOn file
- Valuation reportOn file
- Personal guaranteeOn file
- Latest management accountsOn file