Facility
£2,000,000
Current balance
£1,002,467
All-in rate
7.25%
Term
24 months
Days past due
—
Repayment waterfall
How the next receipt is applied, per Formance ledger configuration
Receipt £95,417
→Fees & charges
£1,908
Accrued interest
£12,083
Principal
£81,425
Each tranche is then attributed across 2 lender positions as a ledger fact — no batch recomputation.
Amortisation schedule
First eight periods
| # | Due | Interest | Principal | Total | Closing balance |
|---|---|---|---|---|---|
| 1 | 05 Jan 2022 | £12,083 | £83,333 | £95,417 | £1,916,667 |
| 2 | 05 Feb 2022 | £11,580 | £83,333 | £94,913 | £1,833,333 |
| 3 | 05 Mar 2022 | £11,076 | £83,333 | £94,410 | £1,750,000 |
| 4 | 05 Apr 2022 | £10,573 | £83,333 | £93,906 | £1,666,667 |
| 5 | 05 May 2022 | £10,069 | £83,333 | £93,403 | £1,583,333 |
| 6 | 05 Jun 2022 | £9,566 | £83,333 | £92,899 | £1,500,000 |
| 7 | 05 Jul 2022 | £9,063 | £83,333 | £92,396 | £1,416,667 |
| 8 | 05 Aug 2022 | £8,559 | £83,333 | £91,892 | £1,333,333 |
Facility history
Continuous, auditable record from application to closure
05 Dec 2021
Facility drawn
£2,000,000 released to solicitor client account
05 Dec 2021
Conditions precedent satisfied
Debenture, personal guarantee and legal opinion received
05 Dec 2021
DD mandates live
2 mandates confirmed with BACS bureau
05 Feb 2022
First collection
£95,417 collected and allocated
05 Apr 2022
Covenant test — Q1
DSCR 2.25x against 1.25x floor
Credit profile
- Company number
- 10935930
- Sector
- Media
- Security
- Cash Flow
- LTV
- 74%
- Leverage
- 1.4x
- DSCR
- 2.25x
- Drawdown
- 05 Dec 2021
- Grade
- G1/5
Lender allocation
Attribution held in the ledger
Northgate Capital52.0%
£521,283 outstanding
Selwyn Nominees48.0%
£481,184 outstanding
Documents
- Facility agreement (executed)On file
- Debenture & MR01 filingOn file
- Completion statementOn file
- Valuation reportOn file
- Personal guaranteeOn file
- Latest management accountsOn file