So my box of bits turns out to be a 1991 Peugeot Marseilles. I tried identifying it by serial number but with no joy so I asked the previous and as it turns out original owner. He remembers it being given to him on his 16th birthday which was 1991. A quick google found the bike in question.
This comes courtesy of http://retropeugeot.com who have a fantastic set of old brochures for Peugeot bikes. This is the 1990 picture from the catalogue.
The one in my possession is a ’91 so it comes with black bar tape and indexed gear levers on the downtube. But that is close enough for me.
Whats in the stand: Nothing… today is an internet based research day!