"The War for all the Oceans" L. & R. Adkins (2006)
footnote page 5
"At this time in Britain there was no real difference between the terms 'fleet' and 'squadron' except in reference to 'the Fleet' as a whole, which was divided into three squadrons (the red, white and blue). Generally, the terms were interchangeable, and have been used as such throughout this book."
So, Kevin, as so often has been the case, you are proved incorrect in your correction.