sole trader turning into limited company beware

I have been place on a 10 year wait instead of  2.5 yr from my last visa in 2014.  I was a sole trader for the full tax year 2014-15 making 38K and for next tax year from April 1- Feb 26th 2016 making 32K - I went limited after 26th Feb 2016.  Therefore at the day of application (today) I am limited not sole trader.  Therefore I did not submit a "full" tax year with my current work status so being placed on a 10 year wait from today.  That's every 2.5 years this same crap again until 10 years are up. 

(and by that time I would have accumulated 15 years living and working and paying tax in the UK - when you combine all my time here since 2009)

I have been place on a 10 year wait instead of  2.5 yr from my last visa in 2014.  I was a sole trader for the full tax year 2014-15 making 38K and for next tax year from April 1- Feb 26th 2016 making 32K - I went limited after 26th Feb 2016.  Therefore at the day of application (today) I am limited not sole trader.  Therefore I did not submit a "full" tax year with my current work status so being placed on a 10 year wait from today.  That's every 2.5 years this same crap again until 10 years are up. 

(and by that time I would have accumulated 15 years living and working and paying tax in the UK - when you combine all my time here since 2009)

Would the 10 year long residence route to ILR not work? You might be eligible in 2019 if you haven't been out of the UK for more than 540 days and have lived here legally without gaps for 10 years...

Physicskate has a really good point.  This might not change anything for you regarding when you can apply for ILR.

What is your businesses financial year?  That will be the determining factor if they calculated your income correctly.  As you've been approved "outside the rules" meaning they don't believe you met the financial requirement. 

What have your earning been since February 26th until now?  Is that the information you submitted?