Charge interest if he doesn't comply with verdict?

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Tue 11 Jul 2023 22:20
Charge interest if he doesn't comply with verdict? - alexuk11

Hi there,

I files a small claims 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?


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?

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Wed 12 Jul 2023 11:55
Charge interest if he doesn't comply with verdict? - Bromptonaut

So far as I can tell from a bit of quick research the rate is 8%:

england.shelter.org.uk/professional_resources/lega...s

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Wed 12 Jul 2023 18:06
Charge interest if he doesn't comply with verdict? - Brit_in_Germany

I think you are only entitled to interest if a court awards it.

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Wed 12 Jul 2023 18:39
Charge interest if he doesn't comply with verdict? - Bromptonaut

I think you are only entitled to interest if a court awards it.

AIUI interest on judgment debts, or at least some categories of judgment debts, is automatic.

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