Sounds pretty reasonable. I was once in a non capital group which operated the same way and I *believe* Cumulus was started by someone involved / in that group. I hear that it is well run and if there was an N reg one at Bournemouth (hint hint!) I'd buy a few hours or more pa. It needs to be N reg so I can do the Euro IFR thing - to complement my existing VFR aeroplane.
I'll keep my eyes on their website....