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Employment vs Sole Trading - UK

In the UK, is it possible to be in full time employment and be a sole trader at the same time? i.e. Work a full time job as an employee. Do contract work as a sole trader on evenings and weekends. ...
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If I can find someone who will work for an employee's salary rate as a contractor, should I hire them?

I am 1 year into my own Startup Software business and all is going well. We have enough money to hire someone and after pushing 90-130 hours a week for the last 4 months, I think it's a sensible ...