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@Max
I saw one in the flesh and did not think much of the finish on the parts. TBH £400 is a lot of money for a PG frame with very ordinary components - compare it to the Fuji Track at around £275 online or even better the Lemond Fillmore at just over £400 and it looks even worse value and very weighty. Frames come up very big too...
I plan to buy either of the above, sell on most of the parts and end up with a much better basic custom build (handbuilt Formula/Mavic/DT wheels, Campag chainset, F brake, Nitto bars, etc) for around £500 - £600. If you shop around you will be able to build up a much better bike for not a lot more cash.