@rootes1 – your end of hire conditions sound a lot like the pish set of options we were given – work for a large outsourcing company by any chance?
I had a major barney with HR about it, not least of which because they couldn’t advise me at all on the scheme they chose to administer themselves over cyclescheme. every response I got was a c+p from their FAQ, but the point was the FAQ told us bugger all so thats why i was asking 🙁
The 10% to return a bike was ludicrious and whilst no-one in their right mind would take them up on it i pointed out it was patently unfair to hire something for a period and the have to pay to give it back – basically if you wanted to walk away it should have cost nothing, but they were making people pay more for the hire regardless.
I am still very tempted to push their button on the P11D and see what HMRC says but to all intents and purposes the company still own the bike so i presume they would report you and try to recover the bike too? The thing is if you add on the taxable benefit you’d end up paying RRP for the bike so i guess you could lose the lot.