Scottish League Two ins and out - January 2016

Nathan Austin is the joint top scorer in Scottish League Two

East Fife probably managed the cleverest piece of January business in Scottish League Two - selling top scorer Nathan Austin to Falkirk but keeping him for the rest of the campaign.

The 21-year-old English striker was linked with a number of higher-league clubs after finding the net 18 times in 28 appearances this term.

But it was the Bairns who secured his signature for an undisclosed fee and immediately loaned him back to the Methil club.

With the Fifers sitting two points behind leaders Elgin City having played a game more, the loss of the league's joint top scorer with the Black and Whites' Craig Gunn would have been a significant blow to Gary Naysmith's side.

Former St Mirren striker Lewis Guy has signed for Annan Athletic

With a regular goalscorer seemingly making the difference between success and failure in Scotland's fourth tier, fourth-placed Annan Athletic might have pulled a rabbit out of the hat on transfer deadline day with the capture of Lewis Guy after the 30-year-old's release from National League North club Chorley.

Guy, who began his career with Newcastle United, will be remembered for a spell in Scotland's top flight with St Mirren.

Barry Ferguson will be hoping that he has found the solution to fifth-top Clyde's lack of goals - and faltering promotion challenge - in the shape of much-travelled 31-year-old John Gemmell, who arrives from Albion Rovers.

Third-placed Queen's Park have recruited Kenneth MacKay, a striker who had yet to play this season for Annan.

Annan Athletic

In: Lewis Guy, forward (Chorley); Kevin Nicholl, defender (Forfar Athletic). Loan: Jack Breslin, defender (Celtic); Ben Jago, midfielder (Tranmere Rovers); Jordan Morton, midfielder (Airdrieonians).

Out: Ryan Finnie, defender (Alloa Athletic); Kenneth MacKay, forward (Queen's Park); Jamie Watson, forward (Clyde). Loan ended: David Ferguson, defender (Motherwell).

Arbroath

In: Loan: Jamie Henry, midfielder (Aberdeen); Josh Skelly, forward (Dundee); Shaun Rutherford, defender (Queen of the South); Mark Williams, defender (Alloa Athletic.

Out: Jamie Clarke, midfielder (Montrose); Martin Grehen, forward; Kieran McWalter, forward.

Berwick Rangers

In: Allan Walker, midfielder (East Fife); Brian Martin, defender (Musselburgh Athletic). Loan: Jordan McGregor, defender (Hibernian); Callum Crane, defender (Hibernian); Dylan Stevenson, midfielder (Greenock Morton); Sandy Cunningham, forward (Stirling Albion)

Out: Andy Russell, forward (East Stirlingshire); David Banjo, midfielder; Kieran Ainslie, defender; Matthieu Judor, midfielder; Ewan Herriot, defender; Scott Russell, forward. Loan: Ross Drummond, defender (Bonnyrigg Rose); Regan Graham, midfielder (Coldstream); Barry Hogg, midfielder (Dunbar Athletic); Craig Cockburn (Tynecastle); Kieran Ingram (Coldstream); Regan Graham (Coldstream).

Clyde

In: Ross Millen, defender (Livingston); Paul Slane, midfielder (Ayr United); John Gemmell, forward (Albion Rovers); Reece Glackin, midfielder (Airdrieonians); Jamie Watson, forward (Annan Athletic). Loan: Scott McMann, defender (Hamilton Academical); Marc Waters, goalkeeper (Partick Thistle).

Out: Archie Campbell, forward (Kelty Hearts); Ross Fisher, defender (East Stirlingshire); Chris Mitchell, defender. Loan: Conor Lynass, midfielder (Petershill); Anthony Higgins, forward (Thorniewood United); Billy Robb, defender (Thorniewood United).

East Fife

In: Jordan Austin, forward (Leven United); Brodie Gray, midfielder (Kennoway Star Hearts). Loan: Liam Kelly, goalkeeper (Rangers); Alistair Coote, midfielder (Dundee United); Nathan Austin, forward (Falkirk).

Out: Nathan Austin, forward (Falkirk, undisclosed); Kieran MacDonald, defender (Airdrieonians); Allan Walker, midfielder (Berwick Rangers); Graeme McGregor. Loan ended: Jordan Leydon, midfielder (Partick Thistle).

East Stirlingshire

In: Andy Russell, forward (Berwick Rangers); Ross Fisher, defender (Clyde). Loan: Michael McMullen, defender (Partick Thistle); Thomas Orr, forward (Greenock Morton); Scott Ferries, midfielder (Peterhead).

Out: Nathan Shepherd, defender.

Elgin City

In: Loan: Sam Dryden, defender (Dundee)

Out: None

Montrose

In: Chris Templeman, forward (Forfar Athletic); Jamie Clarke, midfielder (Arbroath). Loan: Neil Martyniuk, defender (St Johnstone); Aaron Comrie, defender (St Johnstone); Alex Tokarczyk, goalkeeper (Falkirk).

Out: Ross Salmon, goalkeeper (Buckie Thistle); Jordan Reoch, defender (Montrose Roselea); Scott Johnston, forward; Dale Reid, forward. Loan ended: Matty Allan, defender (Dundee); Gavin Malin (Forfar Athletic).

Queen's Park

In: Kenneth MacKay, forward (Annan Athletic). Loan: Scott Hooper, defender (Queen of the South).

Out: Loan ended: Anthony Ralston, defender (Celtic)

Stirling Albion

In: Scott Buist, defender (unattached). Loan: Lewis McLear, midfielder (St Mirren).

Out: David Sinclair, midfielder (Bo'ness United). Loan ended: Kyle Lander, forward (St Johnstone). Loan: Sandy Cunningham, forward (Berwick Rangers); Scott Stevenson, defender (East Kilbride); Scott Davidson, defender (Cumbernauld Colts).