Thanks mate. Water pump failed yesterday, which forced my hand on this. Stripped it all down, did the cam belt and tensioner while I was in there, refitted the existing aux drivebelt and all is working fine now.
Not sure how this can be really, quite surprised the dramatic failure of the water pump didn't take out the cam belt (impeller and drive pulley seperated), but the two items going bad together sounds like too much of a coincidence for me.
Cheers,
Alex