The old Shepton Mallet Town had spent 10 years in the Western League, six of which in the Premier Division. What that club went bust, the new Shepton Mallet F.C. took the place of the old club's reserves in the Somerset Senior League Division Two, playing at the old club's West Shepton ground. By 1989, they rose to the Premier Division of the County League and played there until winning the title in the 2000-01 season, when they were accepted into the Western League, and are currently members of Western League Division One.
They currently enter both the FA Cup and FA Vase, but do not have a very good record in either competition - only winning one tie in seven FA Cup seasons, and three ties in eight years in the Vase.