It looks like it may be the first lathe that Record Power brought out after they bought out the Coronet Tool Company of Derby. Probably 12" swing over bed and 24" between centres.
I would suggest looking for a second hand lathe as you may also find there would probably be various tools included. I would advise you to join a woodturning club in your area to benefit from the experience of other members. Look up the AWGB on google for woodturning clubs.
