Facility
£1,250,000
Current balance
£1,043,265
All-in rate
11.00%
Term
48 months
Days past due
—
Repayment waterfall
How the next receipt is applied, per Formance ledger configuration
Each tranche is then attributed across 6 lender positions as a ledger fact — no batch recomputation.
Amortisation schedule
First eight periods
| # | Due | Interest | Principal | Total | Closing balance |
|---|---|---|---|---|---|
| 1 | 23 Dec 2021 | £11,458 | £26,042 | £37,500 | £1,223,958 |
| 2 | 23 Jan 2022 | £11,220 | £26,042 | £37,261 | £1,197,917 |
| 3 | 23 Feb 2022 | £10,981 | £26,042 | £37,023 | £1,171,875 |
| 4 | 23 Mar 2022 | £10,742 | £26,042 | £36,784 | £1,145,833 |
| 5 | 23 Apr 2022 | £10,503 | £26,042 | £36,545 | £1,119,792 |
| 6 | 23 May 2022 | £10,265 | £26,042 | £36,306 | £1,093,750 |
| 7 | 23 Jun 2022 | £10,026 | £26,042 | £36,068 | £1,067,708 |
| 8 | 23 Jul 2022 | £9,787 | £26,042 | £35,829 | £1,041,667 |
Facility history
Continuous, auditable record from application to closure
23 Nov 2021
Facility drawn
£1,250,000 released to solicitor client account
23 Nov 2021
Conditions precedent satisfied
Debenture, personal guarantee and legal opinion received
23 Nov 2021
DD mandates live
6 mandates confirmed with BACS bureau
23 Jan 2022
First collection
£37,500 collected and allocated
23 Mar 2022
Covenant test — Q1
DSCR 1.41x against 1.25x floor
Credit profile
- Company number
- 03371901
- Sector
- Construction & Engineering
- Security
- Hybrid
- LTV
- 60%
- Leverage
- 3.5x
- DSCR
- 1.41x
- Drawdown
- 23 Nov 2021
- Grade
- G4/5
Lender allocation
Attribution held in the ledger
£180,833 outstanding
£166,922 outstanding
£180,833 outstanding
£166,922 outstanding
£180,833 outstanding
£166,922 outstanding
Documents
- Facility agreement (executed)On file
- Debenture & MR01 filingOn file
- Completion statementOn file
- Valuation reportOn file
- Personal guaranteeOn file
- Latest management accountsOn file