Facility
£5,500,000
Current balance
£5,121,766
All-in rate
8.50%
Term
48 months
Days past due
—
Repayment waterfall
How the next receipt is applied, per Formance ledger configuration
Each tranche is then attributed across 4 lender positions as a ledger fact — no batch recomputation.
Amortisation schedule
First eight periods
| # | Due | Interest | Principal | Total | Closing balance |
|---|---|---|---|---|---|
| 1 | 23 Feb 2023 | £38,958 | £114,583 | £153,542 | £5,385,417 |
| 2 | 23 Mar 2023 | £38,147 | £114,583 | £152,730 | £5,270,833 |
| 3 | 23 Apr 2023 | £37,335 | £114,583 | £151,918 | £5,156,250 |
| 4 | 23 May 2023 | £36,523 | £114,583 | £151,107 | £5,041,667 |
| 5 | 23 Jun 2023 | £35,712 | £114,583 | £150,295 | £4,927,083 |
| 6 | 23 Jul 2023 | £34,900 | £114,583 | £149,484 | £4,812,500 |
| 7 | 23 Aug 2023 | £34,089 | £114,583 | £148,672 | £4,697,917 |
| 8 | 23 Sept 2023 | £33,277 | £114,583 | £147,860 | £4,583,333 |
Facility history
Continuous, auditable record from application to closure
23 Jan 2023
Facility drawn
£5,500,000 released to solicitor client account
23 Jan 2023
Conditions precedent satisfied
Debenture, personal guarantee and legal opinion received
23 Jan 2023
DD mandates live
4 mandates confirmed with BACS bureau
23 Mar 2023
First collection
£153,542 collected and allocated
23 May 2023
Covenant test — Q1
DSCR 2.41x against 1.25x floor
Credit profile
- Company number
- 04466200
- Sector
- Specialty Retail
- Security
- Asset Backed
- LTV
- 73%
- Leverage
- 2.6x
- DSCR
- 2.41x
- Drawdown
- 23 Jan 2023
- Grade
- G2/5
Lender allocation
Attribution held in the ledger
£1,331,659 outstanding
£1,229,224 outstanding
£1,331,659 outstanding
£1,229,224 outstanding
Documents
- Facility agreement (executed)On file
- Debenture & MR01 filingOn file
- Completion statementOn file
- Valuation reportOn file
- Personal guaranteeOn file
- Latest management accountsOn file