 The company was placed in administration in March 2001, following two years of heavy losses, and closed down permanently a month later. This led to a series of service changes, which saw its operations covered by a range of different operators. Other effects causing Tillingbourne's collapse included a fall in the total number of passengers using buses in Hampshire and local criticism following an increase in the number of vehicles using the, later closed, Arriva West Sussex garage in Warnham. The sites of both Tillingbourne garages in Cranleigh were converted for use by other industries.
