Monitoring & Recoveries

Monitoring, Borrower Solutions & Recovery Policy v1.0, June 2026

Performing Status assigned by Beacon, signed off by Relationship Management

Facilities under review

37

Watch, arrears or default

Balance in arrears

£18,817,364

13 facilities past due

90+ days past due

£5.5m

3 facilities in recoveries

Policy exceptions live

20

Subject to enhanced monitoring

Early warning indicators

Open flags across the live book

Recovery clock

Escalation stages from first missed payment

  1. Day 1

    Automated reminder issued to borrower

  2. Day 7

    Relationship Manager contact, reason for arrears recorded

  3. Day 14

    Formal arrears notice; Performing Status reviewed

  4. Day 30

    Borrower solutions assessed — forbearance, reschedule or capitalisation

  5. Day 60

    Facility transferred to Recoveries; default interest applied

  6. Day 90

    Demand issued, security enforcement instructed, lenders notified

Watchlist

Ordered by days past due, then exposure

FacilityBorrowerSectorBalanceDPDDSCRGradePerforming statusNext action
BLN10015Foxton PartnersHotels & Leisure£4,324,3801280.80xG5/5ArrearsEnforcement
BLN10091Oakhaven LogisticsSpecialty Retail£242,9181280.56xG5/5ArrearsEnforcement
BLN10005Eastgate FoodsMachinery£896,687920.98xG5/5ArrearsEnforcement
BLN10104Dunhelm HoldingsHealth Care Equipment£3,701,495661.18xG5/5ArrearsRecoveries transfer
BLN10093Halewood ServicesMachinery£263,243661.05xG5/5ArrearsRecoveries transfer
BLN10131Alderway DevelopmentsMachinery£261,897660.92xG5/5ArrearsRecoveries transfer
BLN10092Brightmoor TechnologiesProfessional Services£4,623,948470.86xG4/5ArrearsBorrower solutions
BLN10101Redhills SystemsMedia£361,610471.10xG4/5ArrearsBorrower solutions
BLN10030Ashcombe WorksHotels & Leisure£1,652,058311.13xG4/5ArrearsBorrower solutions
BLN10095Pentland GroupFood & Beverage£168,368310.75xG5/5DefaultBorrower solutions
BLN10029Foxton IndustriesHealth Care Equipment£94,235310.94xG4/5ArrearsBorrower solutions
BLN10057Uplands FoodsSpecialty Retail£2,082,307121.06xG4/5ArrearsArrears notice
BLN10001Stannington & CoSpecialty Retail£144,218120.76xG5/5DefaultArrears notice
BLN10076Calderstone DevelopmentsHealth Care Equipment£4,324,6411.19xG4/5WatchEnhanced monitoring
BLN10156Stannington HoldingsTransportation£2,895,7081.13xG4/5WatchEnhanced monitoring
BLN10013Elmsworth ManufacturingMachinery£1,491,1211.35xG3/5WatchEnhanced monitoring
BLN10096Uplands HoldingsHealth Care Equipment£1,460,1611.18xG4/5WatchEnhanced monitoring
BLN10097Calderstone TechnologiesTransportation£1,194,3541.44xG3/5WatchEnhanced monitoring

Covenant testing

Quarterly, automated against submitted management information

Foxton Partnerstested 03 May 2026
DSCR0.80x
Leverage3.8x
LTV74%
Oakhaven Logisticstested 05 Jun 2026
DSCR0.56x
Leverage5.3x
LTV51%
Eastgate Foodstested 23 Jan 2026 · MI overdue
DSCR0.98x
Leverage4.8x
LTV47%
Dunhelm Holdingstested 07 Apr 2026
DSCR1.18x
Leverage3.7x
LTV39%
Halewood Servicestested 05 May 2026
DSCR1.05x
Leverage3.4x
LTV71%

Borrower solutions applied

Forbearance activity in the last twelve months

Interest-only period granted6 cases£4,250,000
Term extension4 cases£2,800,000
Payment holiday3 cases£1,150,000
Capitalisation of arrears2 cases£940,000
Formal reschedule2 cases£1,600,000
Consensual sale of security1 cases£780,000