Evans Cycles boss Nick Wilkinson leaves amid profit decline

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The boss of Evans Cycles Nick Wilkinson has left on what is understood to be mutually agreed terms.

In place since May 2011, Wilkinson departs at a time when the business is struggling for profits, having posted a pre-tax dip of 69.4% recently.

The business is currently being ‘re-financed’ by owner ECI Partners, who acquired the business only in May last year.

Current chairman Mike Tomkins is to fill in temporarily as chief executive while a replacement is sought.