Facility
£1,250,000
Current balance
£847,674
All-in rate
9.75%
Term
72 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 | 13 Aug 2024 | £10,156 | £17,361 | £27,517 | £1,232,639 |
| 2 | 13 Sept 2024 | £10,015 | £17,361 | £27,376 | £1,215,278 |
| 3 | 13 Oct 2024 | £9,874 | £17,361 | £27,235 | £1,197,917 |
| 4 | 13 Nov 2024 | £9,733 | £17,361 | £27,094 | £1,180,556 |
| 5 | 13 Dec 2024 | £9,592 | £17,361 | £26,953 | £1,163,194 |
| 6 | 13 Jan 2025 | £9,451 | £17,361 | £26,812 | £1,145,833 |
| 7 | 13 Feb 2025 | £9,310 | £17,361 | £26,671 | £1,128,472 |
| 8 | 13 Mar 2025 | £9,169 | £17,361 | £26,530 | £1,111,111 |
Facility history
Continuous, auditable record from application to closure
13 Jul 2024
Facility drawn
£1,250,000 released to solicitor client account
13 Jul 2024
Conditions precedent satisfied
Debenture, personal guarantee and legal opinion received
13 Jul 2024
DD mandates live
3 mandates confirmed with BACS bureau
13 Sept 2024
First collection
£27,517 collected and allocated
13 Nov 2024
Covenant test — Q1
DSCR 1.94x against 1.25x floor
Credit profile
- Company number
- 04574682
- Sector
- Specialty Retail
- Security
- Hybrid
- LTV
- 74%
- Leverage
- 1.8x
- DSCR
- 1.94x
- Drawdown
- 13 Jul 2024
- Grade
- G3/5
Lender allocation
Attribution held in the ledger
£289,994 outstanding
£267,687 outstanding
£289,994 outstanding
Documents
- Facility agreement (executed)On file
- Debenture & MR01 filingOn file
- Completion statementOn file
- Valuation reportOn file
- Personal guaranteeOn file
- Latest management accountsOn file