I don't get the feeling that there is any problem with license or ownership and the engine wouldn't scare me. I don't know anything about BSA parts, could you buy all those components in that nice condition for $3000? $3500 you could have a fun and unusual piece for motorized events. Most viewers would never know it's a Honda motor.I dont live in the UK but seems a lot of money for a odd ball bike with a smokey engine and no title. Looks good though.