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@alxgrnt
Alright everyone (that paid interest in this case). A whopping 9 months after the incident (after receiving a letter informing me of possibly court summons after 5 months), I got whacked with a £165 fine, which I do believe is just under three times that of a speeding ticket if you were driving a car (excuse me if I'm wrong). Also, the fine is actually £100, and £65 is for 'costs'. Obviously there's no breakdown of what I'm getting for my extra £65 though.
Paid off half, paying the rest off within a month. The charge was dropped from 'wanton or furious cycling' to a mere 'dangerous cycling'.