Used to be. I think the rejeuvenated Saracen are now part of Madison, and Evans are still independent, sprucing their frames from the Far East.
we're talking back when this bike was built, evans bought bluemels and out popped a mountainbike brand. Its well documented here, somewhere.
Cheers for the 'heads up' - by searching for f.w. Evans and Saracen conquest it seems that you are on the button there - so this looks to be an '83, as from '84 onwards they were branded as Saracen Conquest.
The guy I got it from remembers buying it from Evans around that time, and was told it was the fifth one they had made. I wonder if there is any way of confirming with a serial no. Etc.
So, what started off as a 'pub bike' seems to be turning out to be a far more distinguished purchase!
Would I be being ambitious to say - one of the first
UK mountain bikes?
1990 Muddy Fox Pathfinder
2012 Kenesis Grand Forno Ti