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I don't think the guy we got it off was the guy who stole it - only a gut feeling, but someone with the nerve to smash their way into a garden shed through a locked gate would have kicked up more of a fuss. He was also quite comfortable meeting us under CCTV.
Didn't give him any money, by the time we showed him the frame number matched the one we'd written down in advance he really didn't have a leg to stand on. We just wheeled the bike back into the station and jumped on the train home.