Looks like “Bromley Kent” at the bottom of the head tube decal, which matches the Invicta horse—although shouldn’t it be white?
I've checked out Invicta as a brand and it exists, but no head badges match. So maybe a 'red' herring, or horse in this case! Still Bromley, Kent might narrow things down, if that's actually what it says. Ta C
& “something cycles” at the top of the head badge, where something is a short-ish word.
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Looks like “Bromley Kent” at the bottom of the head tube decal, which matches the Invicta horse—although shouldn’t it be white?