I bought a used Jack and Danny Brothers acoustic online for very little money, NZ$81, about UKL42. Not a mark on it. Can't fault it for volume, staying in tune, setup, playability or build quality. The bottom isn't the best I ever heard, but not bad.
They seem to be about UKL200 new, and if I was looking for a new cheap guitar, I'd look at them first.
Those (branded)Gibsons with the Epiphone logo on them aren't too bad, at UKL100, either. I walked aroung a shop and sounded about 12 of them. All the same sound.