Tread carefully....
As has already been repeated throughout these threads, caution is the current name of the game.
CTC clearly needs cadets like never before, as demonstrated by:
- reducing application charges
- opening up their ATP stream, despite demand clearly not being there
- advertising that if you don't start asap, course prices will increase
This last point really causes concern and generally points to a level of real desperation.
Furthermore, if you look through their last accounts, the following concerns can be noted:
- loss making in 07/08 (even at operating profit level) - how on earth is it doing now?
- negative cash outflow for the last 2 years - simply can't continue!
- directors being forced to write why they believe the business is still a going concern! Not normal.
Now, I am not for one minute suggesting that this business will go bust (and have no inside information) but please be really, really careful as £60k+ is a huge sum of money.
CTC has undoubtedly proven itself to be a good product in the boom years, but for now, why not wait 12 months to avoid any sleepless nights!