Facility
£2,000,000
Current balance
£1,382,822
All-in rate
9.75%
Term
48 months
Days past due
—
Repayment waterfall
How the next receipt is applied, per Formance ledger configuration
Receipt £57,917
→Fees & charges
£1,158
Accrued interest
£16,250
Principal
£40,508
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 | 20 Feb 2023 | £16,250 | £41,667 | £57,917 | £1,958,333 |
| 2 | 20 Mar 2023 | £15,911 | £41,667 | £57,578 | £1,916,667 |
| 3 | 20 Apr 2023 | £15,573 | £41,667 | £57,240 | £1,875,000 |
| 4 | 20 May 2023 | £15,234 | £41,667 | £56,901 | £1,833,333 |
| 5 | 20 Jun 2023 | £14,896 | £41,667 | £56,562 | £1,791,667 |
| 6 | 20 Jul 2023 | £14,557 | £41,667 | £56,224 | £1,750,000 |
| 7 | 20 Aug 2023 | £14,219 | £41,667 | £55,885 | £1,708,333 |
| 8 | 20 Sept 2023 | £13,880 | £41,667 | £55,547 | £1,666,667 |
Facility history
Continuous, auditable record from application to closure
20 Jan 2023
Facility drawn
£2,000,000 released to solicitor client account
20 Jan 2023
Conditions precedent satisfied
Debenture, personal guarantee and legal opinion received
20 Jan 2023
DD mandates live
2 mandates confirmed with BACS bureau
20 Mar 2023
First collection
£57,917 collected and allocated
20 May 2023
Covenant test — Q1
DSCR 2.54x against 1.25x floor
Credit profile
- Company number
- 02529411
- Sector
- Media
- Security
- Hybrid
- LTV
- 59%
- Leverage
- 2.5x
- DSCR
- 2.54x
- Drawdown
- 20 Jan 2023
- Grade
- G3/5
Lender allocation
Attribution held in the ledger
Northgate Capital52.0%
£719,067 outstanding
Selwyn Nominees48.0%
£663,755 outstanding
Documents
- Facility agreement (executed)On file
- Debenture & MR01 filingOn file
- Completion statementOn file
- Valuation reportOn file
- Personal guaranteeOn file
- Latest management accountsOn file