efforts to bring in an investor failed.
Rod Butcher, a partner in Birmingham-based firm Moore Stephens Corporate
Recovery, said: ``Reluctantly, we have advised the directors that the only
choice now is to cease trading and go into liquidation.
``At the close of the season the club had no income and could not meet its
debts to the players and other creditors.
``We will now work with the directors so that we can achieve the best possible
settlement for the club's creditors.
``We are also still looking for a buyer or investor who could resurrect the
The club, which was founded in 1872, was thrown into crisis in March, when
former chairman Andrew Shaw's Miras Contracts business collapsed.