Well, the SDR dongle paid off - mystery solved.
It turns out, the signal was actually at 153.2MHz, but was somehow breaking through into 110.515MHz on my handheld scanner.
The signal originates from a high power pager transmitter using the FLEX protocol. As this is plain text, I decoded some of it using an excellent open source application called PDW, and have listed it below for reference and general interest (sensitive information has been redacted!).
0074162 23:12:31 30-06-15 FLEX-A ALPHA 3200 31:Jun 30 23:11 Trim Line 2 L359 Error Check 01 Override 010312 30-JUN-2015 23:10:49
0000002 23:12:56 30-06-15 FLEX-A ALPHA 3200 THIS IS A TEST PERIODIC PAGE SEQUENTIAL NUMBER 0069
0121518 23:12:59 30-06-15 FLEX-A StNUM 3200 31948
1734139 23:13:01 30-06-15 FLEX-A ALPHA 3200 61:Jun 30 23:12 Term B Page-fail test
1756286 23:13:24 30-06-15 FLEX-A ALPHA 3200 PIN 6840 PLS CALL DSCC ON 08457 500***
0118459 23:13:46 30-06-15 FLEX-A ALPHA 3200 20150630 23:13 boc1web02.servstream.com: conn CRITICAL ALERT
0000002 23:14:03 30-06-15 FLEX-A ALPHA 3200 THIS IS A TEST PERIODIC PAGE SEQUENTIAL NUMBER 0070
1734139 23:14:09 30-06-15 FLEX-A ALPHA 3200 62:Jun 30 23:13 Term B Page-fail test
0076963 23:14:29 30-06-15 FLEX-A ALPHA 3200 55:Jun 30 23:13 23.13hrs Zone 14 L550 down 15 Mins maint in attendance FROM: GB50-AFENNEL3
0074162 23:14:46 30-06-15 FLEX-A ALPHA 3200 32:Jun 30 23:13 Trim Line 2 L359 Error Check 01 Override 010312 30-JUN-2015 23:12:42
0074179 23:14:48 30-06-15 FLEX-A ALPHA 3200 19:Jun 30 23:13 Z2A LH Stn 200 Main Call 30-JUN-2015 23:13:22
0074194 23:14:50 30-06-15 FLEX-A ALPHA 3200 56:Jun 30 23:13 23.13hrs Zone 14 L550 down 15 Mins maint in attendance FROM: GB50-AFENNEL3 FROM: GB50-AFENNEL3
0107291 23:14:50 30-06-15 FLEX-A StNUM 3200 2422085
0074076 23:14:50 30-06-15 FLEX-A ALPHA 3200 60:Jun 30 23:13 Fac 1670 More than 20 I/P on conv 30-JUN-2015 23:11:30
0086317 23:14:52 30-06-15 FLEX-A ALPHA 3200 36:Jun 30 23:13 Dodo Panel 23 Entry Movement Alarm 000065 30-JUN-2015 23:12:03
0000002 23:14:56 30-06-15 FLEX-A ALPHA 3200 THIS IS A TEST PERIODIC PAGE SEQUENTIAL NUMBER 0071
0067432 23:14:59 30-06-15 FLEX-A ALPHA 3200 71:Jun 30 23:14 Water Test WATER TEST SUMP LEVEL HIGH 001215 30-JUN-2015 23:14:46
1754937 23:15:16 30-06-15 FLEX-A ALPHA 3200 'Adv' 7440298 30/06/2015 23:08:33 tight chest, struggling to breathe, EMAS ETA 11 mn, Priority RED2 Age 59 Incident area - KETTERING ** ****** ** NN16 ***
0067432 23:15:22 30-06-15 FLEX-A ALPHA 3200 72:Jun 30 23:14 Skid RETURN PROBLEM CHECK SKID RETURN Tested o.k. 30-JUN-2015 23:12:25
1734139 23:15:24 30-06-15 FLEX-A ALPHA 3200 63:Jun 30 23:14 Term B Page-fail test
0086317 23:15:44 30-06-15 FLEX-A ALPHA 3200 39:Jun 30 23:14 Dodo Panel 6 P&F Emergency Stop relay 125KN1 - 400301.08 30-JUN-2015 23:13:32
1734136 23:15:46 30-06-15 FLEX-A ALPHA 3200 19:Jun 30 23:14 Term A Page-fail test
0067154 23:15:50 30-06-15 FLEX-A ALPHA 3200 Fr:nocteam Su:Escalate PQV-73575-125 Tx:Auto escalation of ticket (3 hour rule) Ticket: PQV-73575-125 Queue: VelociX Date raised: 2015-06-30 20:11:27 Subject: ANTEL New asset request
0117556 23:15:54 30-06-15 FLEX-A ALPHA 3200 PLS CALL DUTY OFFICE
0000002 23:16:03 30-06-15 FLEX-A ALPHA 3200 THIS IS A TEST PERIODIC PAGE SEQUENTIAL NUMBER 0072
0111087 23:16:07 30-06-15 FLEX-A StNUM 3200 71301
0118459 23:16:16 30-06-15 FLEX-A ALPHA 3200 20150630 23:15 boc1backup.siops.net: msgs CRITICAL ALERT
1734139 23:16:31 30-06-15 FLEX-A ALPHA 3200 64:Jun 30 23:15 Term B Page-fail test
0074208 23:16:37 30-06-15 FLEX-A ALPHA 3200 69:Jun 30 23:15 Warning : BODY DELIVERY STN 1 OVERCYCLE * BD SKID BD SKID (52)
1734136 23:16:54 30-06-15 FLEX-A ALPHA 3200 20:Jun 30 23:16 Term A Page-fail test
0074221 23:16:54 30-06-15 FLEX-A ALPHA 3200 09:Jun 30 23:15 Warning : BODY DELIVERY STN 1 OVERCYCLE * BD SKID BD SKID (53)
0120075 23:16:56 30-06-15 FLEX-A ALPHA 3200 PLS CALL 12F ON 42848 2ND CALL
1734139 23:17:39 30-06-15 FLEX-A ALPHA 3200 65:Jun 30 23:16 Term B Page-fail test
1756806 23:17:41 30-06-15 FLEX-A ALPHA 3200 PLS CALL ***** ***** - ADDENBROOKES ON 01223 257 ***
0121619 23:17:42 30-06-15 FLEX-A ALPHA 3200 P2 TS 3170
0074162 23:17:46 30-06-15 FLEX-A ALPHA 3200 34:Jun 30 23:16 Trim Line 2 L359 Error Check 01 Override 010312 30-JUN-2015 23:15:30
1728604 23:18:05 30-06-15 FLEX-A ALPHA 3200 41:Jun 30 23:17 ****** ******** 07711 239 ***
0067432 23:18:07 30-06-15 FLEX-A ALPHA 3200 73:Jun 30 23:17 Conv 11 Conv 1 Starved Load stn Blocked 30-JUN-2015 23:14:55
0090980 23:18:07 30-06-15 FLEX-A ALPHA 3200 30/06/2015 23:15:02 INC 14517765 ETFR Countess of Chester Hospital Chester Cheshire -, THE COUNTESS OF CHESTER HEALTH PARK, CHESTER, CH2 *** Male 25Y ProQA Overrid
0090980 23:18:09 30-06-15 FLEX-A ALPHA 3201 [Continued message - Fragment #2]den - Call Escalated GRD 340129 368274
0067432 23:18:09 30-06-15 FLEX-A ALPHA 3200 74:Jun 30 23:17 Conv 11 Conv 1 Starved Load stn Blocked 30-JUN-2015 23:14:55
0067432 23:18:11 30-06-15 FLEX-A ALPHA 3200 75:Jun 30 23:17 Water Test BOOTH 2 LOW / HI WATER PRES30100230 KU-.2N1u013 (?E4
0118459 23:18:11 30-06-15 FLEX-A ALPHA 3200 30 23:17]X[??Xns01.siops.net: dnPyt7xyICAL ALERT
0114910 23:18:13 30-06-15 FLEX-A ALPHA 3200 40:Jun 30 23:17 PLS CALL LEAH ON EXT 31505
0119227 23:18:16 30-06-15 FLEX-A ALPHA 3200 42:Jun 30 23:17 PLS CALL DUTY NURSE 020 7561 ****
0120151 23:18:27 30-06-15 FLEX-A ALPHA 3200 PLS COME TO CAVENDISH UNIT
0118459 23:18:46 30-06-15 FLEX-A ALPHA 3200 20150633 27z1b"bocm$n:th4Cp
1743989 23:18:46 30-06-15 FLEX-A ALPHA 3201 [Continued message - Fragment #2]
WN i$*CHER 01226 872 199 REajlFE AT POST OFFICE WONPi OCK AND IS WIDE OPEN*?f
1756806 23:18:48 30-06-15 FLEX-A ALPHA 3200 PLS CALL ***** ***** - ADDENBROOKES ON 01223 257 ***
1734139 23:18:54 30-06-15 FLEX-A ALPHA 3200 66:Jun 30 23:17 Term B Page-fail test
0000002 23:18:56 30-06-15 FLEX-A ALPHA 3200 THIS IS A TEST PERIODIC PAGE SEQUENTIAL NUMBER 0075
1734136 23:19:16 30-06-15 FLEX-A ALPHA 3200 22:Jun 30 23:18 Term A Page-fail test
0067432 23:19:22 30-06-15 FLEX-A ALPHA 3200 76:Jun 30 23:18 Conv 11 Conv 1 Starved Load stn Blocked 30-JUN-2015 23:16:09
0067432 23:19:24 30-06-15 FLEX-A ALPHA 3200 77:Jun 30 23:18 Conv 11 Conv 1 Starved Load stn Blocked 30-JUN-2015 23:16:09
0076517 23:19:26 30-06-15 FLEX-A ALPHA 3200 38:Jun 30 23:18 Conv 21 Check Zone Start Pulse Count 30-JUN-2015 23:19:15
0114375 23:19:26 30-06-15 FLEX-A ALPHA 3200 30:Jun 30 23:18 Conv 21 Check Zone Start Pulse Count 30-JUN-2015 23:19:15
0076956 23:19:27 30-06-15 FLEX-A ALPHA 3200 97:Jun 30 23:18 Conv 21 Check Zone Start Pulse Count 30-JUN-2015 23:19:15
1734139 23:20:01 30-06-15 FLEX-A ALPHA 3200 67:Jun 30 23:19 Term B Page-fail test
0000002 23:20:03 30-06-15 FLEX-A ALPHA 3200 THIS IS A TEST PERIODIC PAGE SEQUENTIAL NUMBER 0076
0074162 23:20:09 30-06-15 FLEX-A ALPHA 3200 36:Jun 30 23:19 Trim Line 2 L359 Error Check 01 Override 010312 30-JUN-2015 23:18:09
0114910 23:20:13 30-06-15 FLEX-A ALPHA 3200 41:Jun 30 23:19 PLS CALL **** ****** ON EXT 34335
1734136 23:20:31 30-06-15 FLEX-A ALPHA 3200 23:Jun 30 23:19 Term A Page-fail test
0102150 23:20:33 30-06-15 FLEX-A StNUM 3200 0778
0000002 23:20:56 30-06-15 FLEX-A ALPHA 3200 THIS IS A TEST PERIODIC PAGE SEQUENTIAL NUMBER 0077
1734139 23:21:09 30-06-15 FLEX-A ALPHA 3200 68:Jun 30 23:20 Term B Page-fail test
0076517 23:21:14 30-06-15 FLEX-A ALPHA 3200 39:Jun 30 23:20 Conv 21 Check Zone Start Pulse Count 30-JUN-2015 23:21:02
0119626 23:21:18 30-06-15 FLEX-A ALPHA 3200 34:Jun 30 23:20 Conv 21 Check Zone Start Pulse Count 30-JUN-2015 23:21:02
0102150 23:21:18 30-06-15 FLEX-A StNUM 3200 0775899******
0076956 23:21:20 30-06-15 FLEX-A ALPHA 3200 98:Jun 30 23:20 Conv 21 Check Zone Start Pulse Count 30-JUN-2015 23:21:02
0200905 23:22:34 30-06-15 POCSAG-3 ALPHA 1200 23:22-98 30/06/2015 23:20:18 INC 14517787 31C02 ************, ELLESMERE PORT, CH65 *** Male 64 Years M PASSING OUT GRD
340506 375692
0334410 23:23:50 30-06-15 POCSAG-3 ALPHA 512 23:22-41 C2 Incident Allocated, Locn: *****, GREENACRES CARE CENTRE, TEARN ROAD, PL35JF, , AZ:, CAD:300615005110, ChComp:
1508907 23:23:51 30-06-15 POCSAG-4 ALPHA 512 CH3A 512
0273040 23:24:04 30-06-15 POCSAG-4 ALPHA 1200 30/06/2015 CH3A
0269168 23:24:20 30-06-15 POCSAG-3 ALPHA 1200 23:24-10 30/06/2015 23:22:15 INC 14517792 10D02 ***********, NEWBOLD ROCHDALE ROCHDALE, OL16 *** Female 24 Years
MIGRAINE - FEELS SICK GRD 390789 412576