BLN10162 · Oakhaven Technologies

Facility

£2,500,000

Current balance

£1,094,831

All-in rate

8.50%

Term

36 months

Days past due

—

Repayment waterfall

How the next receipt is applied, per Formance ledger configuration

Receipt £87,153

→

Fees & charges

£1,743

Accrued interest

£17,708

Principal

£67,701

Each tranche is then attributed across 5 lender positions as a ledger fact — no batch recomputation.

First eight periods

#	Due	Interest	Principal	Total	Closing balance
1	16 Aug 2024	£17,708	£69,444	£87,153	£2,430,556
2	16 Sept 2024	£17,216	£69,444	£86,661	£2,361,111
3	16 Oct 2024	£16,725	£69,444	£86,169	£2,291,667
4	16 Nov 2024	£16,233	£69,444	£85,677	£2,222,222
5	16 Dec 2024	£15,741	£69,444	£85,185	£2,152,778
6	16 Jan 2025	£15,249	£69,444	£84,693	£2,083,333
7	16 Feb 2025	£14,757	£69,444	£84,201	£2,013,889
8	16 Mar 2025	£14,265	£69,444	£83,709	£1,944,444

Continuous, auditable record from application to closure

16 Jul 2024
Facility drawn
£2,500,000 released to solicitor client account
16 Jul 2024
Conditions precedent satisfied
Debenture, personal guarantee and legal opinion received
16 Jul 2024
DD mandates live
5 mandates confirmed with BACS bureau
16 Sept 2024
First collection
£87,153 collected and allocated
16 Nov 2024
Covenant test — Q1
DSCR 2.15x against 1.25x floor

Attribution held in the ledger

Northgate Capital20.6%

£225,918 outstanding

Selwyn Nominees19.0%

£208,539 outstanding

Cavendish Income Fund20.6%

£225,918 outstanding

Ravensworth LLP19.0%

£208,539 outstanding

Brightwater Trust20.6%

£225,918 outstanding