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

[alexuk01]

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?

I thought you could send debt collectors in and the debt collectors add their charges on top of the debt owed or a percentage.

I believe there's a process through the court to enforce the judgement, so you engage a third party to collect the debt and they add their fee onto the total the person has to pay.

You need to notify the court so it can be escalated to a debt recovery agency.

Statutory interest is 8%. You don't get to add base rate to that.

And unless the order provides for interest in default the judgment has to be for £5000 or more. Look at the county court interest on judgment debts order.