With club finances re-structured, a new manager (Peter McGown having taken over from Willie Irvine) and a new youthful team in place, the season was approached with some confidence, in the knowledge that only winning the league would guarantee a return to the top 'tiers' of Scottish football.
However, things were not going to be easy, since apart from Stranraer, their league opponents would be the reserve (or 'A') sides of the bigger clubs from the top two divisions - and so it was to prove, for despite challenging strongly throughout the season, and topping the league in early March, in the end only 4th place out of 13 was achieved,
Nevertheless, league re-construction at the end of the season meant that the Divisions C were brought to an end, with Dumbarton, Stranraer, Montrose, East Stirling and Berwick Rangers all joining a revamped 19 team Second Division for season 1955-56.