mine ends in september, and thankfully the legal team are cyclists so will be looking to make this work for everyone. Best solution for me is to pay a nominal "purchase" price, and then take the tax hit as a BIK.
In all honesty, if HR departments don't take this route they will be dealing with some peed off staff, as the new guidance suggests that the more they charge as a "purchase" price at the end, the more it costs the employee, which wasn't clearly defined at the outset of the scheme.
Muttley – that's an interesting way of doing it, but that will heavily penalise those that look after their bikes. Mine does about 400 miles a month commuting, mostly in the dry and I've looked after it well, with full maintenance and servicing, and it could pass as an almost new bike. That's because I enjoy riding a bike and don't want some shitter under me that's not fun to ride and will be wearing itself away with grinding paste. To be penalised for that compared with some scumbag who just rides their bike round the park in all weathers isn't right as we all entered the scheme on the same basis, and the condition of the bike at the end was never a factor. Hell, if it is, mine might well have a frame destroying crash that renders it value less.