No it isn't bose, it was legit.
The reason I posted this question, was that I was in the same situation when I first started my PPL at Kemble. I was registered with Aero School Kemble which later on went bust. I didn't know it was in any sort of financial difficulty when I started (it's not the sort of thing you ask is it?) and I paid in 10 hour blocks. Luckily the CFI had established a new co. and took over and thankfully, the replacement club is a million times better and more stable.
Now that I have gone to Aeros, I don't want to find myself in the same situation, but I wonder if it was true that they were in financial trouble, does it leave a lot to be questioned of the company's management or have they simply been hit by the tough economic climate recently?