Thanks all.
Well, I took it to the Tyre manufactures outlet who have a balancer that can check rims. They took the tyre off the rim, ran it on the balancer and found one out of two is out of round
They have verified the tyres to be fine.
So, of course it has to be that.. couldnt be a faulty tyre... arghhhh..
They say it's not that bad that it can be repaired without any ill effects.
Never had alloys repaired.
Any thoughts?