What's wrong? Most of the integrated ATOs I speak to say they are running at one third to one half capacity. This is not the case with modular ATOs who are generally back to pre-COVID levels, blame L3 I guess. Note that many / most (its impossible to know) integrated ATOs use the up-front payments from arriving students for cash flow to keep the earlier courses flying. You can see what might happen when recruitment falls off. Knowing BCFT's management they will have ceased trading as soon as it became clear they could not continue so hopefully not too many students have lost money but the potential losses in other ATOs when they go bust are huge, particularly if they are of the sort to keep trading with negative balance sheets running into many millions. The advice still stands; upfront payments of tens of thousands of pounds make you a complete hostage to fortune, not a valued customer. Just don't do it.