I have justtried to find that by name and patent-number, using the gov.uk web-site, but failed… Most likely because I don’t understand the terms used in the questions!
However, the name Monodex rang a bell. Searching just by that name elicited ads for sales of the Monodex manual sheet-metal nibbler. Of which I own one. It works by shearing a narrow kerf, about 1/8″ wide, through the material; the waste being a tightly-scrolled strip.
Whihc might suggest that gubbins with the opposing racks has some sort of sheet-metal working purpose.
An alternative wild guess is that it is an expander for fitting rubber insulation sleeving over large electrical cable ends and terminals. A big version of the sort that uses three parallel prongs moved apart by operating its pliers-like handles. (I think Hellerine enters here but that might have been the trade-name for the lubricant, probably a silicone oil, used in that assembly process I recall using at work, a few decades ago.)
A third wild guess is that it is a clamp or adjustable jig for some special purpose, or for use in confined conditions where a conventional G-clamp or similar will not fit.
Not perhaps, a type of depthing-tool for gears?
Unlike the RACO items, it looks as if a complete tool itself, not a machine component or accessory. What seems strange is that there is no clear parallelism control. One might expect the two halves to be constrained to move along the same plane but there seem no slideways or other guides to enforce that. Possibly it has to float to some extent in its proper use.
My search also raised somebody else using the same spelling – Monodex – as the brand-name of a sort of protective varnish for concrete!