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@dglshrn
Very possibly. I took the bolt out of the clamp and it was a bit manky, bit of oxidisation and that. I might just back the paint off a bit to check for a crack as I've seen photos of others that that's happened to. In this case I think it might just have had grease used or something which has led to bonding. I'll give it a good clean out and have a go with another post.
£120 with a messenger crankset seems alright to me though! Frame itself is in good nick, looks better than it did in the photos. Fingers crossed for no seat clamp cracks...