I have a really good local FEO; infact as far as i know we are really lucky to have a really knowlegdeable and understanding firearms dept here so i will run it by them and also BASC. ( if i do i'll post their verdict on here )

In theory there is NO reason i can see why your idea would be illegal. Its setting the premise that the owner owns it under the section 58 exemption and it has been lent to you as an SGC holder to use, for less than 72 hours so it doesnt need to be formally written on to your ticket.