Cycle to work scheme

Cycle to work scheme

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Hi All

Has anyone had much experience with cycle to work schemes within small owner managed businesses?

I'm happy with he general HMRC guidance with the company purchasing the bike & equipment and then 'loaning' it to the employee, but the part I'm a bit unsure on is in relation to the consumer credit licence and the requirement to have a formal loan agreement in place.  Does this only come into play if there is a salary sacrifice arrangement as well or does it also apply to a 'salary plus' arrangement where the company is not looking to recover.the value of the bike?  The guidance seems to be contradicting in two different parts..   

Any feedback would be appreciated.

Thank

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