A finance company set up by a group of Sussex experts is bucking the trend with investors.

Dynamic Commercial Finance, of Haywards Heath, launched at the end of last year with a share price of 153p, raising £5.25million, has gained ten per cent on its share price despite general poor performance in the financial sector.

A further £14million credit facility has been secured from the Bank of Scotland.

Chief executive Paul Hird puts the success down to the team.

With him in the boardroom are Gary Davis, sales and marketing director, Nigel Miller, finance director and Phil Woodward, risk and operations director. Between them, they have 35 years experience in the financial sector.

Dynamic is a factoring company specialising in financing businesses with a turnover up to £3 million.

Many businesses are now turning to factoring companies to raise money for expansion or investment on their unpaid accounts, freeing up money.

Factoring companies take over the collection of the accounts.

What makes Dynamic different, said Mr Hird, was the relationships its staff were able to build up with clients and with their customers.

He said: "We are a small team with expert knowledge of the business and each member is empowered to make decisions or has immediate access to someone who can give them an answer.

"We know the people we deal with on a regular basis and try to fit in with them rather than impose strict rules."

The company has eight employees at the moment and plans for growth.

The average time businesses in the UK take to pay their bills is 65 days but where the debt is handled by a factoring company the average is brought down to 55 days.