Thanks for the reply lostarchitect. I had previously been suggested that it might be the competition g.s.

The decals and headbadge were added in the last year. I cannot guarantee at all that it is Raleigh, but the previous owner who is a a vintage enthusiast believes it is.

The serial is located on the underside of the bottom bracket.

If it were a Raleigh it would be a UK Raleigh, certainly not a Raleigh from the U.S.