BLN10127 · Oakhaven Services

Facility

£3,350,000

Current balance

£3,255,785

All-in rate

9.75%

Term

72 months

Days past due

—

Repayment waterfall

How the next receipt is applied, per Formance ledger configuration

Receipt £73,747

→

Fees & charges

£1,475

Accrued interest

£27,219

Principal

£45,053

Each tranche is then attributed across 6 lender positions as a ledger fact — no batch recomputation.

First eight periods

#	Due	Interest	Principal	Total	Closing balance
1	24 Jul 2026	£27,219	£46,528	£73,747	£3,303,472
2	24 Aug 2026	£26,841	£46,528	£73,368	£3,256,944
3	24 Sept 2026	£26,463	£46,528	£72,990	£3,210,417
4	24 Oct 2026	£26,085	£46,528	£72,612	£3,163,889
5	24 Nov 2026	£25,707	£46,528	£72,234	£3,117,361
6	24 Dec 2026	£25,329	£46,528	£71,856	£3,070,833
7	24 Jan 2027	£24,951	£46,528	£71,478	£3,024,306
8	24 Feb 2027	£24,572	£46,528	£71,100	£2,977,778

Continuous, auditable record from application to closure

24 Jun 2026
Facility drawn
£3,350,000 released to solicitor client account
24 Jun 2026
Conditions precedent satisfied
Debenture, personal guarantee and legal opinion received
24 Jun 2026
DD mandates live
6 mandates confirmed with BACS bureau
24 Aug 2026
First collection
£73,747 collected and allocated
24 Oct 2026
Covenant test — Q1
DSCR 2.33x against 1.25x floor

Attribution held in the ledger

Northgate Capital17.3%

£564,336 outstanding

Selwyn Nominees16.0%

£520,926 outstanding

Cavendish Income Fund17.3%

£564,336 outstanding

Ravensworth LLP16.0%

£520,926 outstanding

Brightwater Trust17.3%

£564,336 outstanding

Ignite Retail Pool16.0%

£520,926 outstanding