Hi Mercian,
I bought it about six months ago to replace a Mercian I had let go reluctantly some years earlier. The frame was sound but a bit tatty with a dent in the top tube and rust under the bottom bracket. A lovely frame with the distinctive heart shape cut outs on the lugs. It has been rebuilt with the original parts including Cinelli bars and stem, Campagnolo Record hubs with Mavic MA 40 rims, a new Brooks B17 saddle and Nitto seatpost. The chainset is Stronglight with Shimano drivetrain and brakes. A classic steel bike which looks good and rides superbly.
Regard