1975 saw the Centenary Season at the Savoy but due to rising costs the Company was disbanded and closed in 1982.  Three years later Dame Bridget died leaving a legacy of £1 million.  Richard Condon was engaged as General Manager and secured generous continuing sponsorship from Sir Michael Bishop and BMI British Midland Airways.  Sir Michael would eventually become Chairman of the Board of Trustees.

In 1988 the company reformed with new productions of Iolanthe and The Yeomen of the Guard, which toured nationwide.  Seasons each year since have taken in The Pirates of Penzance, The Mikado, Trial by Jury, HMS Pinafore, Iolanthe, The Gondoliers and from 1993 the repertoire was extended to include non-Gilbert and Sullivan works such as Orpheus in the Underworld, Die Fledermaus, La Vie Parisienne, and The Count of Luxembourg.  In 1990 Ray Brown became General Manager and oversaw the company's seven-year stay in the Midlands.

In September of 1998 the company relocated back to London and is now resident in Kennington, South London.  There have now been two successful seasons of Gilbert and Sullivan at the Royal Festival Hall on the South Bank in London and a very popular production of The Pirates of Penzance at the Queens Theatre on Shaftesbury Avenue in the West End for a Christmas season 1998/9. 

HMS Pinafore had a very successful outing at the Royal Festival Hall in July 1999, directed by Martin Duncan and designed by Tim Hatley, and the same production played a West End season from February to May 2000 with the Company's long overdue return to its spiritual home at the Savoy Theatre.

The Mikado was given a fresh, new and innovative production later in 2000 with direction by Ian Judge and design by Tim Goodchild. This production ran for 18 weeks at the Savoy and finished early in 2001. Hot on the heels of The Mikado , another revival of The Pirates of Penzance was staged for the Savoy and ran from April to June 2001.

A successful  reworking of Iolanthe opened in February, 2002 and was followed by a brand new production of The Yeomen of the Guard, which closed on 8th June. The year continued to be extremely busy with a revival of the recent 2000 production of The Mikado having proved popular for another long season, which was then followed by an equally successful run of HMS Pinafore through until March 2003.