there is also a local budget brand in the UK called JPW. They are sold through a discount hifi store called Richer Sounds. I used to own a pair of JPW book shelves. They are ok - nothing very great. You can do better than that if you increase your budget a little bit or buy used.
JPW was selling very aggressively some 10 years ago. They were making attractive speakers at very attractive prices. They got bought out by a competitor (Peerless? Wharfedale?, Mission? I am not sure) and were shut down.
If it is indeed made by peerless, it should be viewed as something good.
Peerless in India makes some awesome drivers as mentioned by Cranky. Some diy efforts with peerless drivers in India are far far better than most of these Chinese made (so called UK designed) budget speakers available in the market today. It all depends on the kind of business venture by peerless. If it is some side business, forget it.
From my experience with JPW some 6 years back, they are on par with wharfedale.