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Well, going on spec alone for one of their servers:
AMD Athlon 64 X2 5600+ Dual Core
4 GB DDR2 RAM
2 x 400 GB SATA II
1000/gb a month then limited to 10mbit
£44pcm + £75 setup
Then picking a similar spec from a UK host....
P4D Dualcore 2.8ghz
4Gb Ram
2x 250gb drives (Don't offer 400gb on the configuration tool)
1000/gb month
£198pcm + £315 setup
So an arguably less well spec'd UK server is four times more expensive, imho that means their prices are competitive.
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