don simon, i don’t work in web design, so no sales pitch from me. In my experience, from friends who have had websites built, and a friend who is founder and MD of an award winning web design company, you pay peanuts, you get monkeys.
To be fair to the OP, outsourcing to the east is a lot cheaper,and the work is generally of a very high standard, but will the deign, both of the logo and website be up to the quality of a good UK based design company? If so then fair play.