Tha ain't no such thing as 'cheap' in aviation.
£50 hour -will just about cover fuel costs on a 180hp engine. What about oil? Engine fund? 50 hour checks? Other hourly costs? Be very, very, careful.
Is the monthly fee sufficient to cover hangerage/parking; insurance; annual; star annual and other calender maintenance items. If soemthing does go wrong, is there sufficient in the kitty to cover repairs.
Cleaning rota -is there one? What do the other members expect? Flying rota or bids?
If u r in a good, well run group (I am), these should not present a problem.
DOC
PS Share for sale........see
www.gbrnu.com