There was an excellent thread on the finances of FH Boys on the sydenham forum a few months ago. Summary - because of the new building and over estimating external income, they had a very significant financial deficit.

Savings have been made, they say, by reducing the number of teachers and learning assistants, by replacing experienced teachers and they plan to reduce the number of lessons taught each week to 25.
They freely admit all this will impact on curriculum provision.

link

This is all before any government education cuts are introduced.

The building is no doubt a vast improvement and the children absolutely deserve it, but neither the school or lewisham now own it - it is rented.

This whole PFI model is fundamentally flawed and vast sums are being diverted away from education into the private sector.

Maybe this is just a blip, but it is certainly cause for concern.