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I've not seen those track ends before: quite elegant, but somehow they don't sit right with the frame...
Almost certainly resprayed, so whilst it likely is 531 the decals may not accurately reflect the age of the frame.
Scilly.Suffolk-
The dropouts look very similar to those on the look 233p
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Yeah I feel like the 531 decals are bit to old.. but i'm intrigued by the S on the frame..
I thought it might have been resprayed too but it appears to have like a subtle golden colour near the bb and fork crown, but cant tell if that's just yellowing/lighting/ or the paint job..
haveo
seafish
Hello everyone! I was wondering if you could tell me what this frame is?
https://www.ebay.co.uk/itm/262876068073