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Stereo Kicks have announced that they are splitting up and going their separate ways.

The 8 piece boy band which were formed on last year's X Factor, released a statement to their fans on their facebook page this morning, saying:

"We all feel the time has come for us to now continue our journeys individually. We have learnt first-hand just how tough the industry is as an unsigned act. Unfortunately, due to these circumstances, we are no longer able to carry on as a band,"

"From the bottom of our hearts, we will be forever grateful for all of your hard work, support and love. We can't thank you enough."

, where they told us all about their new single and plans for the future.

The boys say their final performance will be on July 25 at Thorpe Park.