Facility
£1,500,000
Current balance
£1,216,532
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 4 lender positions as a ledger fact — no batch recomputation.
Amortisation schedule
First eight periods
| # | Due | Interest | Principal | Total | Closing balance |
|---|---|---|---|---|---|
| 1 | 21 Dec 2024 | £10,625 | £41,667 | £52,292 | £1,458,333 |
| 2 | 21 Jan 2025 | £10,330 | £41,667 | £51,997 | £1,416,667 |
| 3 | 21 Feb 2025 | £10,035 | £41,667 | £51,701 | £1,375,000 |
| 4 | 21 Mar 2025 | £9,740 | £41,667 | £51,406 | £1,333,333 |
| 5 | 21 Apr 2025 | £9,444 | £41,667 | £51,111 | £1,291,667 |
| 6 | 21 May 2025 | £9,149 | £41,667 | £50,816 | £1,250,000 |
| 7 | 21 Jun 2025 | £8,854 | £41,667 | £50,521 | £1,208,333 |
| 8 | 21 Jul 2025 | £8,559 | £41,667 | £50,226 | £1,166,667 |
Facility history
Continuous, auditable record from application to closure
21 Nov 2024
Facility drawn
£1,500,000 released to solicitor client account
21 Nov 2024
Conditions precedent satisfied
Debenture, personal guarantee and legal opinion received
21 Nov 2024
DD mandates live
4 mandates confirmed with BACS bureau
21 Jan 2025
First collection
£52,292 collected and allocated
21 Mar 2025
Covenant test — Q1
DSCR 2.20x against 1.25x floor
Credit profile
- Company number
- 04342620
- Sector
- Food & Beverage
- Security
- Cash Flow
- LTV
- 63%
- Leverage
- 2.4x
- DSCR
- 2.20x
- Drawdown
- 21 Nov 2024
- Grade
- G2/5
Lender allocation
Attribution held in the ledger
£316,298 outstanding
£291,968 outstanding
£316,298 outstanding
£291,968 outstanding
Documents
- Facility agreement (executed)On file
- Debenture & MR01 filingOn file
- Completion statementOn file
- Valuation reportOn file
- Personal guaranteeOn file
- Latest management accountsOn file