No it's not bad news. I knew it had been crashed and saw the thread on here before buying. Thanks to all on here for your concern and giving me the heads up though. It's great to see you have each others backs.
I've come from TVRs and you see some of those in horrendous states that are rebuilt and live on. Yes I do appreciate you have to be careful with these due to their design and construction. Given the rarity of these cars it would be a crying shame to just crush it if not necessary never to be seen again. I've driven it over 100 miles so far and it doesn't appear to have any nasty habits that a twisted car would have. I've poked around it as far as I can with the clams on and there's nothing nasty looking as yet. I'm going to just enjoy it while we still have some decent weather then get the front and rear clams off and give it a proper going over and spruce up.
Full credit to Peter on here. He obviously loved the car and put the right money in the right places. It's great fun on the road and I'm looking forward to a few trackdays in the new year. I live very close to Lydden race track and Brands is less than an hr away so they will be my local hunting grounds.