Football League Third Division South 1954/55
| Pos | Club | Pld | W | D | L | F | A | GA | Pts | Notes |
| 1st | Bristol City | 46 | 30 | 10 | 6 | 101 | 47 | 2.149 | 70 | ▲Champions |
| 2nd | Leyton Orient | 46 | 26 | 9 | 11 | 89 | 47 | 1.894 | 61 | Runners Up |
| 3rd | Southampton | 46 | 24 | 11 | 11 | 75 | 51 | 1.471 | 59 | - |
| 4th | Gillingham | 46 | 20 | 15 | 11 | 77 | 66 | 1.167 | 55 | - |
| 5th | Millwall | 46 | 20 | 11 | 15 | 72 | 68 | 1.059 | 51 | - |
| 6th | Brighton & Hove Albion | 46 | 20 | 10 | 16 | 76 | 63 | 1.206 | 50 | - |
| 7th | Watford | 46 | 18 | 14 | 14 | 71 | 62 | 1.145 | 50 | - |
| 8th | Torquay United | 46 | 18 | 12 | 16 | 82 | 82 | 1.000 | 48 | - |
| 9th | Coventry City | 46 | 18 | 11 | 17 | 67 | 59 | 1.136 | 47 | - |
| 10th | Southend United | 46 | 17 | 12 | 17 | 83 | 80 | 1.038 | 46 | - |
| 11th | Brentford | 46 | 16 | 14 | 16 | 82 | 82 | 1.000 | 46 | - |
| 12th | Norwich City | 46 | 18 | 10 | 18 | 60 | 60 | 1.000 | 46 | - |
| 13th | Northampton Town | 46 | 19 | 8 | 19 | 73 | 81 | 0.901 | 46 | - |
| 14th | Aldershot | 46 | 16 | 13 | 17 | 75 | 71 | 1.056 | 45 | - |
| 15th | Queens Park Rangers | 46 | 15 | 14 | 17 | 69 | 75 | 0.920 | 44 | - |
| 16th | Shrewsbury Town | 46 | 16 | 10 | 20 | 70 | 78 | 0.897 | 42 | - |
| 17th | Bournemouth & Boscambe Athletic | 46 | 12 | 18 | 16 | 57 | 65 | 0.877 | 42 | - |
| 18th | Reading | 46 | 13 | 15 | 18 | 65 | 73 | 0.890 | 41 | - |
| 19th | Newport County | 46 | 11 | 16 | 19 | 60 | 73 | 0.822 | 38 | - |
| 20th | Crystal Palace | 46 | 11 | 16 | 19 | 52 | 80 | 0.650 | 38 | - |
| 21st | Swindon Town | 46 | 11 | 15 | 20 | 46 | 64 | 0.719 | 37 | - |
| 22nd | Exeter City | 46 | 11 | 15 | 20 | 47 | 73 | 0.644 | 37 | - |
| 23rd | Walsall | 46 | 10 | 14 | 22 | 75 | 86 | 0.872 | 34 | Re Elected |
| 24th | Colchester United | 46 | 9 | 13 | 24 | 53 | 91 | 0.582 | 31 | Re Elected |
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Election for League Membership |
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| The bottom two clubs were required to seek re-election to the League. They were joined in the vote for membership of the Southern section of the Third Division by 5 non-league clubs. | ||
| Votes | Club | End Result |
| 44 | Colchester United | Re Elected to the League |
| 33 | Walsall | Re Elected to the League |
| 16 | Peterborough United | Not Elected to the League |
| 3 | Worcester City | Not Elected to the League |
| 2 | Headington United | Not Elected to the League |
| 0 | Bedford Town | Not Elected to the League |
| 0 | Yeovil Town | Not Elected to the League |
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End of Season Notes |
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▼Ipswich Town were Relegated from the Football League Second Division |
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▲Bristol City were Promoted to the Football League Second Division |
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- Walsall were Re-Elected to the League |
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- Colchester United were Re-Elected to the League |
