Wasn't there a similar thing a year or two ago which turned out to be a scam? I forget what it was called, but there were a number of rather extensive threads on the subject.
And yes, I agree with Rick*****ed - one would have thought that at the very least they would have had a more credible front than the one they present!
However, I don't see anything sinister in their using a limited liability company as their vehicle - though I do think that it would help, considerably, if the details of those involved with the company were made public: ie are they people with a AAA track record in the business, chancers, or known scam artists?
Another warning bell to me is their timing - right now, there are a lot of people out there who were hoping to get on courses which have evaporated. £147 is not too large a chunk of change for them to buy a lottery ticket with ... and I suspect that in earlier years (without the availability of sites such as this where people can share their concerns) many would do so. Yet what makes them think that they have a better chance for their 16 newly minted pilots than all the other airlines that have cancelled their trainee's courses?
Seems highly suspect to me!