How to charge interest after he failed to comply with my Small Claims verdict?

[alexuk11]

Hi there,

I had a UK small claims hearing last October (say October 1st) against a company and they were ordered to pay me damages "within 14 days".

They know my bank details because they were my landlord, and I had sent them my bank details many times in the emails leading up to the Claim.


Let's say they owe me £1000. What kind of interest can I charge them?

Is it the "statutory interest": 8% + base rate Bank of England?



Since the base rate has changed, how should I calculate the interest?

-14 Oct to 03 Nov: 1000* (1+ 8% + 2.25%) * number of days / 365 (base rate is 2.25%)
-04 Nov to 15 Dec: 1000* (1+ 8% + 3.00%) * number of days / 365 (base rate is 3.00%)
and so on...



Is that correct?

[atticus]

The rate under the Judgments Act 1838 is currently 8%.

Not 8% above anything.

I have it in mind that interest is not payable on judgment debts under £5,000, but cannot put my finger on the authority for that. Maybe someone else can comment.

[des8]

The County Courts (Interest on Judgement Debts) Order 1991 SI No 1184