Promotion had been achieved as recently as 1987, but relegation followed two years later and debts well into six figures had almost brought about the club's demise in the summer of 1990.

Ten successive victories were recorded under the guidance of former player Steve Wignall and Aldershot won the championship by an 18-point margin.

He won his first game in charge beating Newport IOW 1–0 in the Hampshire Senior Cup Semi-final Second Leg, taking The Shots on to win the final against Havant & Waterlooville.

The Shots equalled their best ever run in the FA Cup, reaching the 2nd Round and losing 1–0 to Colchester United at Layer Road.

The club reached their first FA Trophy semi-final, losing to eventual winners Hednesford Town and the average attendance for league matches at The Rec ended on a record high of 3,303.

In May 2004 the club officers made the decision to convert Aldershot Town to full-time professional status from the following July.

After a slow start in the league, Aldershot improved their form and reached the play-offs after beating Scarborough in the last game of the season.

Terry Brown resigned, citing the poor health of his wife as the primary reason, although his position may have been untenable with regards to the season's performance.

They made it to the Third round of the FA Cup for the first time, losing 4–2 at Bloomfield Road to Blackpool In May 2007 Gary Waddock was appointed the new manager, with Martin Kuhl reverting to his coaching position.

Jonny Dixon was sold to Brighton and Hove Albion in the January Transfer window for a then club record of £56,000.

[2] The Shots finished top of the Conference Premier with a record 101 points, and were promoted to the Football League, for the first time since the club was reformed[3] ending the season on an 18-match undefeated run.

The Shots also made it to the Conference League Cup Final after a 4–3 penalty shoot out victory over near neighbours Woking in the semi-final.

Two months into the 2009–10 season, manager Gary Waddock and assistant Martin Kuhl accepted offers to join Wycombe Wanderers.

[10] Under the new management team Aldershot finished the season in sixth place,[11] qualifying them for the play-offs,[12] where they lost 3–0 on aggregate to Rotherham United.

[15] Holdsworth succeeded in removing the threat of relegation, eventually guiding the club to 14th position in a run which included only 4 defeats in the second half of the season.

A good run in the League Cup saw Aldershot take on Manchester United at home, which ended in a 3–0 victory for the Red Devils.

[18] The Chief Executive, Andrew Mills, announced his resignation saying that there was no evidence that the major shareholder Kris Machala had the ability to fund the club.

[20] On 1 August 2013, Aldershot Town confirmed the takeover of the club by a consortium led by former chairman Shahid Azeem.

[22] The 2019–20 National League was suspended in March 2020 due to the COVID-19 pandemic with the Shots finishing in 18th place based on points per game.

[38] Note: Flags indicate national team as defined under FIFA eligibility rules; some limited exceptions apply.

Note: Flags indicate national team as defined under FIFA eligibility rules; some limited exceptions apply.

Five others have played more than 200 times for the club, including Stuart Udal, whose cousin Shaun was an England international cricketer.

The club's chosen colours of red and blue reflect the garrison town's association with the British Army.

The only meeting between the two clubs since the rebirth of Aldershot was a friendly in 2001 which resulted in an outbreak of violence between the two sets of fans and multiple arrests.

On 6 July 2019, the two played in the inaugural match of Badshot Lea's new stadium Westfield Lane, seen by 660 spectators, a record attendance for The Baggies still hold today.