Judging by the level of quality, the fork crown, lugs and the serial/frame number, I'm inclined to think that this is an Ephgrave ("LE" in the serial = Les Ephgrave).

This is most likely their (slightly) cheaper and less elaborate (at least when compared to the No.1) Italia model from the early 50s.
I agree with [MENTION=73614]rhm[/MENTION] that it had some cosmetic surgery done at some point.


It's a very nice frame; I'd love to see what you do with it.

Here are some pics: