Facility
£1,000,000
Current balance
£886,919
All-in rate
9.75%
Term
48 months
Days past due
—
Repayment waterfall
How the next receipt is applied, per Formance ledger configuration
Each tranche is then attributed across 5 lender positions as a ledger fact — no batch recomputation.
Amortisation schedule
First eight periods
| # | Due | Interest | Principal | Total | Closing balance |
|---|---|---|---|---|---|
| 1 | 06 Mar 2026 | £8,125 | £20,833 | £28,958 | £979,167 |
| 2 | 06 Apr 2026 | £7,956 | £20,833 | £28,789 | £958,333 |
| 3 | 06 May 2026 | £7,786 | £20,833 | £28,620 | £937,500 |
| 4 | 06 Jun 2026 | £7,617 | £20,833 | £28,451 | £916,667 |
| 5 | 06 Jul 2026 | £7,448 | £20,833 | £28,281 | £895,833 |
| 6 | 06 Aug 2026 | £7,279 | £20,833 | £28,112 | £875,000 |
| 7 | 06 Sept 2026 | £7,109 | £20,833 | £27,943 | £854,167 |
| 8 | 06 Oct 2026 | £6,940 | £20,833 | £27,773 | £833,333 |
Facility history
Continuous, auditable record from application to closure
06 Feb 2026
Facility drawn
£1,000,000 released to solicitor client account
06 Feb 2026
Conditions precedent satisfied
Debenture, personal guarantee and legal opinion received
06 Feb 2026
DD mandates live
5 mandates confirmed with BACS bureau
06 Apr 2026
First collection
£28,958 collected and allocated
06 Jun 2026
Covenant test — Q1
DSCR 1.92x against 1.25x floor
Credit profile
- Company number
- 09284115
- Sector
- Hotels & Leisure
- Security
- Hybrid
- LTV
- 50%
- Leverage
- 2.6x
- DSCR
- 1.92x
- Drawdown
- 06 Feb 2026
- Grade
- G3/5
Lender allocation
Attribution held in the ledger
£183,015 outstanding
£168,937 outstanding
£183,015 outstanding
£168,937 outstanding
£183,015 outstanding
Documents
- Facility agreement (executed)On file
- Debenture & MR01 filingOn file
- Completion statementOn file
- Valuation reportOn file
- Personal guaranteeOn file
- Latest management accountsOn file