I did my CPL/ME/IR with Multiflight in the summer of 2005, and I thought that they were an excellent school. You recieved an invoice at the end of every flight so you could easily keep your finances in order. It is true what others have said that Leeds weather can hold you up as it did to me, but I went into the sim and started on my IR before finishing my CPL when the weather improved
The plus sides of LBA are that you fly straight into the airways which is good experiance and can save money, you dont have far to go to practice holds from the sim to the hold above the airfield in about 30 min, and again the weather gives you some fun when flying your ILS and single engine G/A, and you do not have to position the AC for your IR skills test.
A final point while I was at MF they had all first time passes on the CPL and IR,as they only release you for the tests when you really are ready, of the three of us who went through together I am on the B737-700 at Man one is on the B757-200 at Man and the other is on the B737-800 at Dub all happy and all owe it to great training provided by the instructors at MF.
Go to the school, meet the people if if feels that it is the right place then go and they will get the very best out of you, a great start to your career ahead.