Facility
£2,500,000
Current balance
£1,417,391
All-in rate
9.75%
Term
48 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 | 12 Aug 2024 | £20,313 | £52,083 | £72,396 | £2,447,917 |
| 2 | 12 Sept 2024 | £19,889 | £52,083 | £71,973 | £2,395,833 |
| 3 | 12 Oct 2024 | £19,466 | £52,083 | £71,549 | £2,343,750 |
| 4 | 12 Nov 2024 | £19,043 | £52,083 | £71,126 | £2,291,667 |
| 5 | 12 Dec 2024 | £18,620 | £52,083 | £70,703 | £2,239,583 |
| 6 | 12 Jan 2025 | £18,197 | £52,083 | £70,280 | £2,187,500 |
| 7 | 12 Feb 2025 | £17,773 | £52,083 | £69,857 | £2,135,417 |
| 8 | 12 Mar 2025 | £17,350 | £52,083 | £69,434 | £2,083,333 |
Facility history
Continuous, auditable record from application to closure
12 Jul 2024
Facility drawn
£2,500,000 released to solicitor client account
12 Jul 2024
Conditions precedent satisfied
Debenture, personal guarantee and legal opinion received
12 Jul 2024
DD mandates live
3 mandates confirmed with BACS bureau
12 Sept 2024
First collection
£72,396 collected and allocated
12 Nov 2024
Covenant test — Q1
DSCR 2.18x against 1.25x floor
Credit profile
- Company number
- 01360822
- Sector
- Professional Services
- Security
- Hybrid
- LTV
- 41%
- Leverage
- 1.4x
- DSCR
- 2.18x
- Drawdown
- 12 Jul 2024
- Grade
- G3/5
Lender allocation
Attribution held in the ledger
£484,897 outstanding
£447,597 outstanding
£484,897 outstanding
Documents
- Facility agreement (executed)On file
- Debenture & MR01 filingOn file
- Completion statementOn file
- Valuation reportOn file
- Personal guaranteeOn file
- Latest management accountsOn file