The following statement was released by the club: "Following a meeting, it has been agreed by all parties that the club is to part company with manager Ryan Austin.
"The decision is not one taken lightly but after three years at the helm the clubs hierarchy felt it was time to review the teams management.
"Despite what now seems to be a premature end to the current season, recent results had all but ended the clubs play off ambitions.
"As a club we would like to acknowledge Ryan's achievements in what was his first managerial role.
"In particular, the clubs FA Cup runs along with cementing the club in the league after years of relegation scraps.
"We would like the place on record our thanks to Ryan and wish him every success in the future."