Pike RCT3 fork on new bike not compressing

I am hoping someone might be able to help me with an issue I’m having with the Pike RCT3 forks on my new bike. Basically whatever I do I cannot get the fork to compress more than about 20mm (I’ve tried all positions for both compression damping and rebound, as well as letting air out until the pressure negligible). I have attached a photo because I also notice that the Stanchions seem to be far too far out. The travel should be 140mm, but stanchions exposed measures 165mm. Also the 10% sag line, see photo, is about 30mm from where the stanchions met the lowers. Surely this can’t be correct? However hard I push I cannot even get them to compress to the 10% line.
Does anyone have any ideas what could be wrong here?
Thanks

Does anyone have any ideas what could be wrong here?
Thanks

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