It should in theory almost be impossible for EFT to go bankrupt or under because it a very clever business plan. Lease planes from the FAA school next door on an hourly basis and then charge a premium on top for the JAA approved training. Instructors paid flight pay only, the only fixed overhead is the full time secretary and a little bit of Office space. Capital investment from the "owners" I would assume must be very minimal. As a result if it did go under it wouldn't have much consequence to the "owners".
EFT is not a flying school in its own right; it is in reality an address with a JAA approval, so very easy for the owners to close it down if required.