Histon's scheduled appearance at the High Court on Wednesday to face a winding-up order has been dismissed.
The Stutes paid HM Revenue & Customs £40,000 to settle a bill for unpaid tax earlier this month meaning that the hearing was a formality.
Chairman Russell Hands told BBC Radio Cambridgeshire: "We raised that money very quickly and paid that bill.
"The courts said it will appear on the calendar, on the day, and it will be dismissed, no cost, end of story."
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