Not much help, I'm afraid Dean. Same happened with PPSC and SFT in 2001, and others in the past. CAA helpful with training records and time extensions, but not finances. CAA approval requires a certain amount of financial disclosure I believe, but the approval is strictly defined.
Aardvark
Ask a school if you can pay as you train, or even in arrears. There is no reason why not, nor why they should charge a large premium for this. There are schools that are not expensive that charge at the end of the week for the week's flying. Your money is safe, as is theirs (they do not sign your papers until you settle up!). If this became industry standard students would no longer lose large amounts of money, as many of my friends / students did with SFT.