After hauling the Fifteen Guinea Special, 45110 was purchased for preservation by the Severn Valley Railway, and has since been based at the line's Bewdley locomotive depot.
It has hauled main line steam specials on the national rail network, but the locomotive's main line certification had lapsed by 2008. It was hoped to have run 45110 on the 2008 recreation of the Fifteen Guinea Special, but this was not possible as the engine was due to come out of ticket on 15 August, the same day as the Fifteen Guinea Special re-run, and so a competition was offered by Steam Railway magazine to drive the engine on 15 August. At the end of that day's running, 45110 returned to Bewdley and its fire was dropped for the last time.
In 2009-10, 45110 was placed on static display at Barrow Hill Roundhouse to take advantage of the available under cover storage. It was planned that the locomotive would remain at Barrow Hill for up to two years on loan from the Severn Valley Railway, which would see its return to the SVR in 2011-12. During 2010, the tender of 45110 was recalled back to the SVR for use behind LMS Stanier Mogul 42968 after the 2-6-0's previous Fowler tender developed wheelflats. 45110's tender is due to stay at the line until 2012[dated info] when 42968 is taken out of service.
45110 returned to Bridgnorth on 30 September 2013 for display in the Engine House at Highley in place of 4930 Hagley Hall which has moved to Bridgnorth for overhaul.