Facility
£5,500,000
Current balance
£4,299,781
All-in rate
7.25%
Term
48 months
Days past due
—
Repayment waterfall
How the next receipt is applied, per Formance ledger configuration
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 | 10 Sept 2022 | £33,229 | £114,583 | £147,813 | £5,385,417 |
| 2 | 10 Oct 2022 | £32,537 | £114,583 | £147,120 | £5,270,833 |
| 3 | 10 Nov 2022 | £31,845 | £114,583 | £146,428 | £5,156,250 |
| 4 | 10 Dec 2022 | £31,152 | £114,583 | £145,736 | £5,041,667 |
| 5 | 10 Jan 2023 | £30,460 | £114,583 | £145,043 | £4,927,083 |
| 6 | 10 Feb 2023 | £29,768 | £114,583 | £144,351 | £4,812,500 |
| 7 | 10 Mar 2023 | £29,076 | £114,583 | £143,659 | £4,697,917 |
| 8 | 10 Apr 2023 | £28,383 | £114,583 | £142,967 | £4,583,333 |
Facility history
Continuous, auditable record from application to closure
10 Aug 2022
Facility drawn
£5,500,000 released to solicitor client account
10 Aug 2022
Conditions precedent satisfied
Debenture, personal guarantee and legal opinion received
10 Aug 2022
DD mandates live
2 mandates confirmed with BACS bureau
10 Oct 2022
First collection
£147,813 collected and allocated
10 Dec 2022
Covenant test — Q1
DSCR 1.95x against 1.25x floor
Credit profile
- Company number
- 06943968
- Sector
- Food & Beverage
- Security
- Asset Backed
- LTV
- 43%
- Leverage
- 1.3x
- DSCR
- 1.95x
- Drawdown
- 10 Aug 2022
- Grade
- G1/5
Lender allocation
Attribution held in the ledger
£2,235,886 outstanding
£2,063,895 outstanding
Documents
- Facility agreement (executed)On file
- Debenture & MR01 filingOn file
- Completion statementOn file
- Valuation reportOn file
- Personal guaranteeOn file
- Latest management accountsOn file