It's good news that the flying school is still able to operate.
I hadn't realised that the CAA allowed a training organisation to operate from an unlicenced airfield. Years ago, when "recognised training organisations" were a twinkle in someone's eye, I worked for a few months somewhere where we had to do the "put the wheels onto a licenced runway and then the training flight begins" trick. I thought all that was now a thing of the past. I could never understand why the students didn't just do their training at the licenced airfield - many did which is why I went to work there instead !
PS Faded runway markings seem like a daft reason to pull an airfield's licence - couldn't the owner just re-paint them - or have I missed something here ?