I was an M247 colo customer in Manchester for approx 5 years. I went to their primary DC many times, interacted with their staff. They're a hosting company. The colo racks are full of servers with lots of little labels with different company names. The managed (and hence vps) racks are numerous and anonymous, which is what you'd expect. I'm not sure what you think is going on. They're cheap. They have excess capacity. So bottom-feeding race-to-the-bottom operators like VPN providers are buying from them. It doesn't seem too surprising.
