BLN10104 · Dunhelm Holdings

Facility

£4,000,000

Current balance

£3,701,495

All-in rate

12.25%

Term

72 months

Days past due

Repayment waterfall

How the next receipt is applied, per Formance ledger configuration

Receipt £96,389

→

Fees & charges

£1,928

Accrued interest

£40,833

Principal

£53,628

Each tranche is then attributed across 5 lender positions as a ledger fact — no batch recomputation.

First eight periods

#	Due	Interest	Principal	Total	Closing balance
1	19 Sept 2021	£40,833	£55,556	£96,389	£3,944,444
2	19 Oct 2021	£40,266	£55,556	£95,822	£3,888,889
3	19 Nov 2021	£39,699	£55,556	£95,255	£3,833,333
4	19 Dec 2021	£39,132	£55,556	£94,688	£3,777,778
5	19 Jan 2022	£38,565	£55,556	£94,120	£3,722,222
6	19 Feb 2022	£37,998	£55,556	£93,553	£3,666,667
7	19 Mar 2022	£37,431	£55,556	£92,986	£3,611,111
8	19 Apr 2022	£36,863	£55,556	£92,419	£3,555,556

Continuous, auditable record from application to closure

19 Aug 2021
Facility drawn
£4,000,000 released to solicitor client account
19 Aug 2021
Conditions precedent satisfied
Debenture, personal guarantee and legal opinion received
19 Aug 2021
DD mandates live
5 mandates confirmed with BACS bureau
19 Oct 2021
First collection
£96,389 collected and allocated
19 Dec 2021
Covenant test — Q1
DSCR 1.18x against 1.25x floor
19 Feb 2022
Direct debit failed
Funds moved to suspense, lender sweep stopped
19 Mar 2022
Arrears clock started — 66 days
Notice issued under Monitoring & Recoveries Policy

Attribution held in the ledger

Northgate Capital20.6%

£763,801 outstanding

Selwyn Nominees19.0%

£705,047 outstanding

Cavendish Income Fund20.6%

£763,801 outstanding

Ravensworth LLP19.0%

£705,047 outstanding

Brightwater Trust20.6%

£763,801 outstanding