Sounds very similar to a C/U swap we did the other week, main fuse cover had no seal and loose - so was partly open to show a fused neutral - and a strap around the sheath which ended up testing to show no connection to any supplied earth.... Needless to say that the C/U was a complete mess in the same cupboard too small for Frodo!
I also got everything upgraded on my house a couple of months ago before I rewired, and just told them it's could possibly be a fused neutral, the guy came out and changed it no quibble for me.