In reply to KASP82:
What results are you hoping to achieve with your compact?
I only ask, as I've had an end of line Nikon costing just under £50 which produced results as good as my first dSLR. I also have a second-hand compact which I bought off this site for £180 and this too produces excellent images.
Yes, you do get what you pay for but may I suggest that you don't need to spend anywhere near £400 on a compact, that is unless you have a specific purpose in mind which only such an expensive product will achieve.
Personally, and from now on, I will only buy second-hand digital cameras both compact or dSLR because the technology is advancing so quickly that people want to upgrade leaving bargains to be had for a fraction of their initial price.
May I suggest that you choose a camera with as few mega-pixels as possible and as best a lens as you can acquire. Too many pixels crammed onto a compact camera sensor makes for poorer images because of extra noise on the images.