Large South of England landlord confirms new finance boss
Large landlord Vivid has given its interim chief financial officer the job on a permanent basis.
David Ball has worked for Vivid in its current form for nearly nine years
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Vivid has given its interim chief financial officer the job on a permanent basis #UKhousing #HousingFinanceDavid Ball has been confirmed in the role at the 37,000-home landlord after initially being appointed as interim CFO in June after the resignation of Duncan Brown.
Mr Brown stepped down after eight years at Vivid to take on the job of chief financial officer at G15 landlord MTVH.
Mr Ball has worked for Vivid in its current form for nearly nine years and was previously director of finance. Prior to this, he worked for housing association First Wessex, which merged with Sentinel to form Vivid in 2017.
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Before joining the housing sector, he had roles at British Gas and National Grid.
On his permanent appointment at Vivid, Mr Ball said: “My priority is to uphold our financial resilience while championing Vivid’s growth, so we can achieve our bold vision and aspirations together.”
In its last full-year to the end of March 2025, Vivid posted a 15% rise in surplus to nearly £62m, despite a rise in costs. It was helped by a 14% increase in turnover to £407.5m.
Mark Perry, chief executive of Vivid, added: “We’re thrilled to welcome David to the team. His dedication and expertise have played a key role in strengthening our financial foundation, helping us deliver high-quality homes and outstanding services to our customers and communities.”
Last week Vivid became the first landlord to secure a loan as part of a new £500m NatWest initiative aimed exclusively at getting more social rent homes built.
Vivid’s loan from NatWest is the second it has secured from the bank in the space of a few months, after it agreed a £125m 15-year facility in July.
In May, Vivid also agreed a £200m loan under the Affordable Homes Guarantee Scheme – its second under the scheme – to help it build 1,300 new affordable homes across the South of England.
The landlord also secured two retrofit loans supported by National Wealth Fund guarantees, a £50m deal with Barclays in May and a £50m loan from Lloyds in October.
Vivid currently has G1/V1 ratings with the English regulator, but has yet to be assessed under the agency’s consumer standards.
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