Okay I've been busy back at work for the last couple of days. Need to build lots of workstations in the near future.
I've been considering getting a colo box. I think I can afford the running costs for a while if I can get some people to help out. The question is how much can I build a 1U box for. I think I should be able to build something for 300-400GBP. I need to pay for setup costs and I think a month in advanced. Should be doable for 500GBP startup. Hopefully I should be able to provide any service that someone wants given that a) the request is sensible (no telnetd :)) and b) they offer a decent price.