If the FTO runs on such meagre margins that £375 pcm is all they can pay instructors, how long do you think they will stay liquid with £140 oil?
The only thing this tells me is either it's a ****e FTO no self-respecting instructor will work for, there is a severe instructor shortage, or they are scamming the wannabes to work for peanuts and laughing all the way to the bank at the gullible little batards who thought they were getting in when there was no other way.