Thanks for the answers. It may be of interest to note that the frame number is: WK7000650, which seems to indicate it's a Worksop bike, built sometime in June 1987. Does that sound right?
Hiya, firstly restore frame properly - don't powder coat it! Secondly, and this has been repeated on RB numerous times, Worksop closed in 1981, the"W"frame prefix was used in the Nottingham Lightweight Unit. The frame is not a Gerald O'Donovan, this sticker was used by Raleigh as a marketing tool - it really discredited GOD having his initials on these frames. It is not a"custom"frameset". It is off the peg and were sold in large numbers around 1986/87, and is not a Road Ace - although it does have RA componentry from what I can see. It is not a bad frame but doesn't justify the GOD sticker - only SBDU framesets justify. Roadking.
KermitGreen has chosen to overreact to my post, hence quoting myself here. I have only tried to clarify things with regard to the OPs frameset.
KG has also chosen to repeat my points...however, the OPs bike was sold as a frameset, and is not a Road Ace(that was a bike), but it has similarities - obviously.
The GOD sticker was used on the most mundane frames(531 maintubes only, for example)and IMO, diminished GOD, who I met in 1985 when ordering my SBDU from Ilkeston - these stickers were not fitted to Ilkeston built framesets. They began to appear later in the 1980s.
However these Lightweight Unit frames are very good, I have one(see below 1984 Corsa), and as such is worth restoring properly. If the OP doesn't do this or keep it as is, what is the point of this debate? If the OP chooses the powder coat route then the frame looses its identity anyway.
This frame could be restored properly for no more than £150 IMO.
KG, if you feel crucified then you are truly a drama queen, and should permanently reside on the dark side - i.e the MTB section;-)
Roadking(a man more sinned against than sinning).
Co-founder of a V-CC section, member South Eastern Road Club and owner of - 2005 Bianchi Reparto Corse (modern), 1985 Raleigh SBDU Pro Super, 1984 Raleigh LU Corsa, 1980 Allin Stan Butler Special, 1978 Ron Cooper, 2 x very early Roberts (late 60s/early 70s), 1975 Bill Philbrook tourer, 1966 Raleigh Superbe Roadster, 1964 Allin Stan Butler Special Belgique, 1951 Hobbs of Barbican S/C, 1950 Hobbs of Barbican S/C, 1947 Hetchins Super Special, 1908 Centaur Featherweight. 1988 Specialized Stumpjumper.