It looks like the image resizer is not working.
Please can you test something out quick. Can you switch the image resizer off from Appearance > Theme Options > General > Image Resizer to see if the logo appears.
The reason this doesn’t work usually is because of the following reasons:
1. You’re using your site within a subfolder i.e. mysite.com/wp/
2. Your hosting doesn’t have GD Library, PHP Image Magick installed or has a permissions issue.
I’d check with your hosting to see if you have the above enabled and let me know how that goes.
If you are unsure on how to check the image resizer, please set your reply to private and provide your URL/login details so I can take a further look for you.
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