I've compiled a new server, when I launch server for first time it says updating files, it drags a basic database with no code and it does not drag any zone files etc?

Server appears online but won't allow connections

I forgot to add, error logs show nothing

The server will only pull basic tables and data that are required to run. If you want content you need to get it from the content svn (svn link on the left side of the portal)

As for not allowing connections the most likely cause is a firewall issue.