Facility
£4,000,000
Current balance
£3,041,427
All-in rate
7.25%
Term
24 months
Days past due
—
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 | 06 Aug 2022 | £24,167 | £166,667 | £190,833 | £3,833,333 |
| 2 | 06 Sept 2022 | £23,160 | £166,667 | £189,826 | £3,666,667 |
| 3 | 06 Oct 2022 | £22,153 | £166,667 | £188,819 | £3,500,000 |
| 4 | 06 Nov 2022 | £21,146 | £166,667 | £187,813 | £3,333,333 |
| 5 | 06 Dec 2022 | £20,139 | £166,667 | £186,806 | £3,166,667 |
| 6 | 06 Jan 2023 | £19,132 | £166,667 | £185,799 | £3,000,000 |
| 7 | 06 Feb 2023 | £18,125 | £166,667 | £184,792 | £2,833,333 |
| 8 | 06 Mar 2023 | £17,118 | £166,667 | £183,785 | £2,666,667 |
Facility history
Continuous, auditable record from application to closure
06 Jul 2022
Facility drawn
£4,000,000 released to solicitor client account
06 Jul 2022
Conditions precedent satisfied
Debenture, personal guarantee and legal opinion received
06 Jul 2022
DD mandates live
3 mandates confirmed with BACS bureau
06 Sept 2022
First collection
£190,833 collected and allocated
06 Nov 2022
Covenant test — Q1
DSCR 2.44x against 1.25x floor
Credit profile
- Company number
- 12144369
- Sector
- Construction & Engineering
- Security
- Cash Flow
- LTV
- 66%
- Leverage
- 2.4x
- DSCR
- 2.44x
- Drawdown
- 06 Jul 2022
- Grade
- G1/5
Lender allocation
Attribution held in the ledger
£1,040,488 outstanding
£960,451 outstanding
£1,040,488 outstanding
Documents
- Facility agreement (executed)On file
- Debenture & MR01 filingOn file
- Completion statementOn file
- Valuation reportOn file
- Personal guaranteeOn file
- Latest management accountsOn file