Despite reaching the Welsh Cup final, County were relegated from the Third Division in 1987 and in 1988 finished bottom of the Fourth Division with a mere 25 points, meaning that their 60-season stay in the Football League was over. They failed to finish their first season in the Conference and finally went out of business on 27 February 1989 with debts of £330,000. They were then expelled from the Conference for failing to fulfil their fixtures. Their record (four wins, seven draws and 19 points from 29 games) was expunged.