New Rank Structure

Would it not be appropriate to introduce several new ranks now that the Army is full and less soldiers are leaving?
On a serious note and at the risk of inviting incoming; why do the British Army deem a Squadron/Company Commanders role to be a Major rather than a Captain?

Maybe a better question would be "Is it time to get rid of some ranks". More Brigadiers than Brigades, more Admirals than ships etc.
Yeah, your very own guide to chippy regiment rank structures:

Lance Jack
Full Screw (whatever that means)
Colour Boy
the Badge
Boss (used by the Light Division to address officers cos their so cool and ali)
Oh Sea
See O

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