In reply to gethin_allen:
We use a bit of I beam from a steel framed building to secure our quad bike. It's buried in concrete and would take a long time to cut though with an angle grinder.
The weak part of the system is how you fasten the bike to the beam. We use a bit of heavy chain that we had lying about. You wouldn't be able to cut this with bolt cutters. The real weak point is the padlock, which is positioned in such a way as to make it hard to get at it with bolt cutters. The whole lot is inside a locked steel frame building.
As with all systems a determined thief will manage to break it. However, it would take them quite a long time and they would probably go for an easier target.