Facility
£1,250,000
Current balance
£876,832
All-in rate
8.50%
Term
60 months
Days past due
—
Repayment waterfall
How the next receipt is applied, per Formance ledger configuration
Each tranche is then attributed across 5 lender positions as a ledger fact — no batch recomputation.
Amortisation schedule
First eight periods
| # | Due | Interest | Principal | Total | Closing balance |
|---|---|---|---|---|---|
| 1 | 07 Mar 2024 | £8,854 | £20,833 | £29,688 | £1,229,167 |
| 2 | 07 Apr 2024 | £8,707 | £20,833 | £29,540 | £1,208,333 |
| 3 | 07 May 2024 | £8,559 | £20,833 | £29,392 | £1,187,500 |
| 4 | 07 Jun 2024 | £8,411 | £20,833 | £29,245 | £1,166,667 |
| 5 | 07 Jul 2024 | £8,264 | £20,833 | £29,097 | £1,145,833 |
| 6 | 07 Aug 2024 | £8,116 | £20,833 | £28,950 | £1,125,000 |
| 7 | 07 Sept 2024 | £7,969 | £20,833 | £28,802 | £1,104,167 |
| 8 | 07 Oct 2024 | £7,821 | £20,833 | £28,655 | £1,083,333 |
Facility history
Continuous, auditable record from application to closure
07 Feb 2024
Facility drawn
£1,250,000 released to solicitor client account
07 Feb 2024
Conditions precedent satisfied
Debenture, personal guarantee and legal opinion received
07 Feb 2024
DD mandates live
5 mandates confirmed with BACS bureau
07 Apr 2024
First collection
£29,688 collected and allocated
07 Jun 2024
Covenant test — Q1
DSCR 2.01x against 1.25x floor
Credit profile
- Company number
- 02311104
- Sector
- Machinery
- Security
- Asset Backed
- LTV
- 60%
- Leverage
- 1.8x
- DSCR
- 2.01x
- Drawdown
- 07 Feb 2024
- Grade
- G2/5
Lender allocation
Attribution held in the ledger
£180,934 outstanding
£167,016 outstanding
£180,934 outstanding
£167,016 outstanding
£180,934 outstanding
Documents
- Facility agreement (executed)On file
- Debenture & MR01 filingOn file
- Completion statementOn file
- Valuation reportOn file
- Personal guaranteeOn file
- Latest management accountsOn file