This ^^^ bike is a far better prospect than the Raleigh and it has some very decent components. The Simplex LJ shifters are about the best downtube shifters there are (imo), and back in the day, they were fitted to the very best racing bikes. They are
highly sought after and on their own fetch a very good price : . . . . . . .
http://www.ebay.co.uk/itm/Simplex-S...936181?hash=item282c5c4475:g:JUIAAOSwo4pYdSuO
I can't see a decal for the tubing, but it is almost certainly Columbus tubing of some description; there's no facility for mudguards on this frame and given the fact that the front of the toe clips
might have some overlap with the front wheel, the short wheelbase suggests to me that it could have previously been used for timetrials/racing. An interesting bike to my eyes and quite possibly built to meet the buyer's specifications . . . . . . . I like it a lot.