Finden-Crofts back at the helm of Raleigh; Spon-Smith no longer the MD

"With immediate effect, I will take up the position of Chief Executive of Raleigh UK with the executive team reporting directly to me," said Finden-Crofts.

"From today John Spon Smith relinquishes his role as Managing Director of Raleigh UK but will continue to report to me to carry out Raleigh Cycle Group projects."

Finden-Crofts works from the Channel Islands. Day-to-day management of Raleigh UK will now devolve on Mark Gouldthorp (finance and accounting), Mike Reynolds (product and marketing), Jane Tomkinson (manager – Raleigh P&A), Carl Wright and Phil Rickaby (sales), and Mervyn Jones (warehousing and distribution).