Seems like a more basic light weight frame. An oddity is that the cable guides for the rear brake are shifted toward the NDS on the toptube, instead of top dead center. Frame number reads WN7001641 on bottom bracket shell.

Nearest I can tell, you may have one of these or a very similar bike. It’s a Nottingham built frame for the USA market, typically sold as a frame only and built up by the customer with aftermarket parts.

Raleigh Racing USA, Reynolds 531c. Mine has cable guides on the left just like yours which makes for easy aero cable wrapping. My serial number is WD7xxxxxx which makes it a 1987 model like yours.
The only real differences I can see between mine and yours are the stay caps and you’ve got dropout eyelets, but there is a frame on sheldonbrown.com with caps like yours.
I’ve always kinda liked the “shot in” style seat tube clamp ears.

Same exact lugs. Mine has a pump pegs just like yours. Do you happen to have the fork?





This last photo is from sheldonbrown.com showing the differences in stay treatments.

Looked at Kurt's catalog and have to agree. Looks like an '87 that was ordered - not in a catalogue.

Hi again. Given the eyelets for fenders on both fork and frame, the type 8806 from 1987 seem like a good match.

Pcampeau