Very dilapidated Pennine “Marilyn”. So called because it strips easily (it was another time I guess). True to its name it did yield its Seatpost and stem.
This was their base model I think – sold as frame only and built to customers spec. Still has a Reynolds 531 frame and the lovely detail on the seat stays. The 125th frame of 1970.
Patina or respray. That is the question…
Agrati dropouts 
Hand painted by May Maplebeck 
70125
Another Bike 