Facility
£3,350,000
Current balance
£2,895,708
All-in rate
11.00%
Term
72 months
Days past due
—
Repayment waterfall
How the next receipt is applied, per Formance ledger configuration
Receipt £77,236
→Fees & charges
£1,545
Accrued interest
£30,708
Principal
£44,983
Each tranche is then attributed across 1 lender position as a ledger fact — no batch recomputation.
Amortisation schedule
First eight periods
| # | Due | Interest | Principal | Total | Closing balance |
|---|---|---|---|---|---|
| 1 | 11 Oct 2024 | £30,708 | £46,528 | £77,236 | £3,303,472 |
| 2 | 11 Nov 2024 | £30,282 | £46,528 | £76,810 | £3,256,944 |
| 3 | 11 Dec 2024 | £29,855 | £46,528 | £76,383 | £3,210,417 |
| 4 | 11 Jan 2025 | £29,429 | £46,528 | £75,957 | £3,163,889 |
| 5 | 11 Feb 2025 | £29,002 | £46,528 | £75,530 | £3,117,361 |
| 6 | 11 Mar 2025 | £28,576 | £46,528 | £75,104 | £3,070,833 |
| 7 | 11 Apr 2025 | £28,149 | £46,528 | £74,677 | £3,024,306 |
| 8 | 11 May 2025 | £27,723 | £46,528 | £74,251 | £2,977,778 |
Facility history
Continuous, auditable record from application to closure
11 Sept 2024
Facility drawn
£3,350,000 released to solicitor client account
11 Sept 2024
Conditions precedent satisfied
Debenture, personal guarantee and legal opinion received
11 Sept 2024
DD mandates live
1 mandate confirmed with BACS bureau
11 Nov 2024
First collection
£77,236 collected and allocated
11 Jan 2025
Covenant test — Q1
DSCR 1.13x against 1.25x floor
Credit profile
- Company number
- 07472457
- Sector
- Transportation
- Security
- Hybrid
- LTV
- 63%
- Leverage
- 3.0x
- DSCR
- 1.13x
- Drawdown
- 11 Sept 2024
- Grade
- G4/5
Lender allocation
Attribution held in the ledger
Northgate Capital100.0%
£2,895,708 outstanding
Documents
- Facility agreement (executed)On file
- Debenture & MR01 filingOn file
- Completion statementOn file
- Valuation reportOn file
- Personal guaranteeOn file
- Latest management accountsOn file