Guys - many thanks for your thoughts and time to provide them !
HotLZ - a) yes I knew this, apologies, I should have taken a bit more time to be precise !
Paco - You answered the question that I didn't word very well - I have a PPL and a Class 2 (just renewed today actually) so if I do the CPL/ATPL exams and course (hours, skill test, etc.) I have a SEPARATE license (2 including the PPL(H)) and as such would need a Class 1 to fly with passengers and exercise the privileges of the CPL(H)/ATPL(H) so if I let my Class 1 medical elapse and still had a Class 2 medical I could still physically fly but not accept remuneration (the basics of exercising the privileges of the CPL(H)/ATPL(H).
The key is that they are SEPARATE licences.
I think the CPL(H) is the way to go - I can't see me getting a job flying the big stuff and can't afford the IR.
It's more the challenge of getting the next licence I suppose.
I'd be interested to know who else is in the game for distance learning CPL(H)......... 2K needs to be spent wisely.
Thanks again guys - it's good to know that there are people who are prepared to share and help.
Cheers,
Rich