If industry generally is anything to go by, a quality manual is not an issue. You hire a consultant and for a few k he produces an ISO9000 quality manual for you. After that, you ignore it... That is how ISO9000 runs. Nearly 20 years later, it is just a sham. It's a very "European" approach however.
The company is only as good as the people running it.
I guess madlandrover is right. But what about fees to EASA? Currently an FTO needs to pay much bigger fees
AFAIK. This in turn hugely inflates FTO training fees.