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@Theskieswere...
The frame number, I've finally discovered on the BB shell is obscured by the cable guide, but the number starts - as best I can tell - WD80...
Reading up a bit more on these, this is definitely the rarer and nicer (lightweight) frame. It's a 1988 model. The mass market model was a 'Paul Sherwin' frame and not the Reynolds 531c that this is.
It seems this frame is actually pretty sought after, so £130 seems like a pretty good deal. Anyway, a couple people have expressed interest but still in discussion...
A few links...
http://www.retrobike.co.uk/forum/viewtopic.php?t=138114
http://www.bikeradar.com/forums/viewtopic.php?t=12707700
http://www.bikeradar.com/forums/viewtopic.php?f=40013&t=12557438
This chap wants £290, but in much better condition.
http://www.ebay.co.uk/itm/Raleigh-team-banana-Reynolds-hand-built-531c-circa-1988-/161855784531?hash=item25af5b4653
As you can see from my pics above, the chainring is like shark's teeth, completely gone. As I said, it pretty much needs a full rebuild.
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