On 21 April 2020, the club announced it was going to cease trading and be formally wound up after failing to find a £175,000 investment that would have saved the club. The club's directors cited the financial impact of the COVID-19 pandemic as a reason for its demise, with no income to the club following the postponement of all football nationally. The former club's league position under manager Eddie Maurice Jones at the time was at its lowest for the past 30 years.