Hi all, wanted to update to inform you that I have been APPROVED for ILR. Very relieved. It seems they accepted my 120 hours / month argument according to the past guidance.
(Never mind that I had created employment for 5 employees over the last 5 years and have been running a successful business...)
I know the 120 hours per month is no longer valid as they updated the guidance on April. But it worked for me, luckily.
Thank you so much everyone for your advice over the years. On to my journey for a UK passport next year.