Thats unusual for Premiair, I heard their pay packets were quite reasonable. £37 is a paltry sum, but no doubt someone will take it - monkeys and peanuts!
Even though the mil pipeline is slacking, there are still a few swilling around. Getting a foothold in this macro climate of an industry is still difficult.
IF you've got a good flying background, you'll get in, then after some consolidation, you can manouevre. But it's still quite a haul.
Good luck to you. And remember, when the time comes show your face not just your CV