Peavey get such an easy ride on HC though. Those across the pond love their peaveys!
The valve king is, as Dave_mc said, a budget valve amp. You do get what you pay for, very much so in this case. I tried a 1x12 in Belfast not a million years ago. A bit chewing-gum and stringy on the construction front, to be honest, rattly pots, ill fitting fascia and the covering (vinyl/tolex etc) was as ropey as a big bit of rope. It sounded fairly average, certainly not bad, but not overly characterful either. The second stage of gain (boost or whatever) wasn't too terrific either...Very, very fizzy. That knob that apparently alters the reponse from class A/B to A does very little unless the amp is wound up hard, and even at that, it's not earth shattering.
Still the cleans pretty good, the lower gain reaches are pleasant and it is pretty damned loud, so that might swing it, if you find one a bit more finished than I did.
The Laney VC-30 is *such* a good call. I've bought a 2x12 in the last couple of months and it's just brilliant. I'd check out the chinese made randall valve amps as well. They do look a bit like they were designed on a fag packet, but they sound really, really good.