In an RNS, Tim Lawlor announced he had handed in his resignation to take up another CFO role in a large privately owned company in a different sector.

On the same day, Vistry published a trading update warning it expects to suffer a pre-tax loss of £30m for the first half of the year.

In the first half of the year the housebuilder completed around 6,100 homes which is below the 6,889 completed by the same point in 2025.

The group expects to deliver a “modest” profit of around £20m but this is likely to be “significantly impacted” by lower volumes of partner deals.

However, the housebuilder is optimistic looking ahead to the second half of the year and has cited a “strong” forward order book of £3.9bn with 80% of this forward sold for the full year.

Vistry is also actively exploring a “voluntary exit scheme” with redundancies expected to save around £25m.

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“I remain absolutely committed to our differentiated partnerships strategy and I believe there is a significant opportunity to develop a more focused Vistry with improved profitability, a stronger balance sheet, higher returns on capital, and more consistent delivery,” said Adam Daniels, CEO at Vistry.

“This can be achieved as we continue to deliver quality homes for our partners at pace.

“We have already begun to [implement] some organisational changes and I look forward to sharing the full results of the review in September, including our initial thoughts on target financial metrics for 2027 and beyond.”

Tim will remain with the company until October, following publication of Vistry’s full year results and completion of the CEO review.  Vistry has begun a process to identify his successor.

"On behalf of the board, I would like to thank Tim for his significant contribution to Vistry during his tenure of over four years,” said Rob Woodward, chair at Vistry.

“He has played an important role in the integration of Vistry and Countryside and the transition to the partnerships strategy.

“We wish Tim every success for the future."