Applicant
Sourced from Companies House and the introducer pack
Credit policy test
Automated against Credit Policy v1.0, June 2026
Investment Committee paper
Drafted by Beacon, signed off by Relationship Management
Harewood Structures Ltd (company number 10620416) seeks a £1,250,000 facility over 48 months for property development, secured on a asset backed basis at 58% loan to value.
Adjusted EBITDA of £780,000 produces senior leverage of 1.60x and a modelled debt service cover of 3.91x at the indicative margin of 3.00% over base. Meridian returns a Compass score of 95, equating to an origination grade of 1 (1 strongest, 5 weakest) with 5 padlocks.
The proposal sits within all current credit policy limits. Recommendation: approve on standard terms with quarterly management information and annual covenant testing.
Meridian — Compass score
- Origination grade
- G1/5
- Security padlocks
- ▮▮▮▮▮
- Senior leverage
- 1.60x
- DSCR
- 3.91x
- Indicative margin
- 3.00%
- All-in rate
- 8.25%
Checks & verification
Orchestrated through contracted API services
- KYB — business identityCleared
- KYC — directors & UBOsCleared
- Sanctions & PEP screeningCleared
- CIFAS / Hunter fraudCleared
- Experian business bureauScore 84
- Bank Wizard account checkMatched
- Enhanced due diligenceNot required