Had a Mk 2 version like that many years ago. Duff front bearing on mine which I had to change to get any sort of decent work out of it. Big Timken taper roller cost more than the lathe but still pretty reasonable really.
Objectively a fairly boring, bog standard lower end industrial lathe. Flat belt drive never really up to the theoretical capabilities of the machine. But at least drive slip reduced the chances of seriously damaging crashes.
Mondial design originally but pretty sure that at least some of the Mk 2's were UK made. As I recall it mine had made in UK stamped in a couple of places but it was a long time ago and memory is fallible. Tracing the actual provenance of machines made and/or supplied by Elliott Group tends to be "frustrating".
Clive.