Facility
£4,000,000
Current balance
£3,201,589
All-in rate
8.50%
Term
36 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 | 03 Feb 2021 | £28,333 | £111,111 | £139,444 | £3,888,889 |
| 2 | 03 Mar 2021 | £27,546 | £111,111 | £138,657 | £3,777,778 |
| 3 | 03 Apr 2021 | £26,759 | £111,111 | £137,870 | £3,666,667 |
| 4 | 03 May 2021 | £25,972 | £111,111 | £137,083 | £3,555,556 |
| 5 | 03 Jun 2021 | £25,185 | £111,111 | £136,296 | £3,444,444 |
| 6 | 03 Jul 2021 | £24,398 | £111,111 | £135,509 | £3,333,333 |
| 7 | 03 Aug 2021 | £23,611 | £111,111 | £134,722 | £3,222,222 |
| 8 | 03 Sept 2021 | £22,824 | £111,111 | £133,935 | £3,111,111 |
Facility history
Continuous, auditable record from application to closure
03 Jan 2021
Facility drawn
£4,000,000 released to solicitor client account
03 Jan 2021
Conditions precedent satisfied
Debenture, personal guarantee and legal opinion received
03 Jan 2021
DD mandates live
2 mandates confirmed with BACS bureau
03 Mar 2021
First collection
£139,444 collected and allocated
03 May 2021
Covenant test — Q1
DSCR 1.94x against 1.25x floor
Credit profile
- Company number
- 08512526
- Sector
- Professional Services
- Security
- Cash Flow
- LTV
- 49%
- Leverage
- 2.5x
- DSCR
- 1.94x
- Drawdown
- 03 Jan 2021
- Grade
- G2/5
Lender allocation
Attribution held in the ledger
£1,664,826 outstanding
£1,536,763 outstanding
Documents
- Facility agreement (executed)On file
- Debenture & MR01 filingOn file
- Completion statementOn file
- Valuation reportOn file
- Personal guaranteeOn file
- Latest management accountsOn file