I note that they are looking for investors on their club website which suggests they need money? Mind you what flying club doesnt need money.
Hired an aircraft from them last year whilst down in the smog (God I hate London), and whilst it was okish, it had more in-op stickers than I care to remember, and was just generally tired.
It also cost a bloody fortune to a northern tight arse like me!
I kind of suspect that after the olympics there may be less choices of flying schools around to choose from!