The demise of Sunderland Nissan was referred to with sadness by chairman Mike Amos at last night's Skilltrainingltd Northern League annual dinner at the Ramside Hall Hotel.
Amos said: "Nissan were model members of the league for five seasons and it's a great pity they've resigned because the company has pulled the financial plug.
"We all wish their committee, manager Wilf Constantine and players the best of luck wherever they may be in the future."
Nissan veteran Brian Rowe was named Player of the Year. Despite being 37, he made more outfield appearances than any other Nissan player.
Prolific scorer James Magowan (Billingham Synthonia) was second, with Chester-le-Street's Craig Price third after 18 goals and missing just two games all season.
Carl Piecha of Consett was voted Young Player of the Year.
Alan Courtney won the Arthur Clark Memorial Trophy for the top off-field contribution to the game, after steering Spennymoor out of financial crisis.
Moors' secretary Jonathan le Poidevin said: "His contacts are fantastic and without him we just wouldn't be in existence.
"His professionalism has rubbed off on everyone and we've gone from strength to strength."
Not surprisingly, Whitley Bay boss Ian Chandler was named Manager of the Year for the second successive season after lifting the FA Carlsberg Vase at Wembley.
Close behind were Newcastle Benfield boss Tom Wade and Horden CW's Simon Corbett.