VIVID Housing Limited is a UK housing association that prioritizes the provision of affordable general needs housing, with a significant focus on the southeast of England. The organization manages a substantial portfolio of around 37,000 homes and possesses a considerable development pipeline. VIVID Housing Limited emphasizes the importance of strong governance and energy efficiency improvements within its existing stock, while also actively pursuing expansion through social housing initiatives. One of the notable achievements of the group is its success in securing funding from the SHDF fund and its remarkable efforts in retrofitting homes to improve energy efficiency. The organization continues to invest in its existing stock, aligning with its overall strategy.
rental income will increase faster than costs, that VIVID manages to maintain relatively solid margins in its development-for-sale activities, and that investments in existing homes will increase at a moderate pace and be partially funded by grants from the Social Housing Decarbonization Fund. We continue to view VIVID's debt metrics as solid and forecast the adjusted nonsales EBITDA
www.vividhomes.co.ukClassification: Limited About us Significant scale in focussed geographies Strong management and governance 34,325 homes, serving 74,000 customers making VIVID one of the largest providers of affordable homes in the UK Ambitious development pipeline, supported by a track record of delivery, will
www.vividhomes.co.ukRationale Enterprise profile: Very strong management and solid operational metrics mitigate relatively high exposure to sales risk VIVID generates most of its earnings from the predictable and countercyclical social housing sector. The group owns and manages about 37,300 homes in southeast England, which is relatively affluent compared with the rest of the country. Demand for VIVID's properties remains
www.vividhomes.co.ukClassification: Limited Our operating environment 15 Classification: Limited Our homes Source: VIVID Annual Report 2023/24 16 ▪Our core focus is on the provision of general needs housing, which comprises 73% of our homes ▪We have significant untapped value on our balance sheet when considering the Market value of our homes, which is over 2x greater than the value in use figure … ▪ £750m of investment in the business plan ▪ We implemented new software that enables us to measure the impact of...
www.vividhomes.co.uk▪In the last 12 months we have delivered improvements to 321 homes. ▪89% of our homes are EPC C or above. ▪We completed the HA sector’s first retrofit loan with Barclays for £50m. ▪Our sustainability strategy is now board approved and provided for within our business plan. Before/ after pictures from Farnborough retrofit project (414 homes) Source: VIVID management information as at 31 March 2025. … 2025 and a further 1,800 will be improved during 2026 Social: • 1,505 new homes completed (over...
www.vividhomes.co.uk...The rating on VIVID is underpinned by our view that the group's strong management and governance policies offset its relatively high exposure to sales risk. We also consider that the group's efficient operations and flexible development plans helped it contain cost increases and withstand macroeconomic and regulatory pressures better than many peers. We therefore expect VIVID's financial performance will gradually strengthen through fiscal year 2027. This is further underpinned by our...
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