50033 Glorious worked its last train in March 1994 and was withdrawn the same month due to it being surplus to requirements, thereby becoming the 48th Class 50 locomotive to be withdrawn after over 25 years of active service. Its engine hours stood at 12,705. Following its last working, a charter from York to Scarborough, 50033 entered the national collection at the National Railway Museum (NRM) in York.

In 2003 the NRM decided to dispose of the locomotive, subject to a suitable home being found, because of an inability to commit to future maintenance and storage costs. 50033, still owned by the NRM, spent a period on loan to the North Yorkshire Moors Railway during 2004 until a home was found at the STEAM museum in Swindon as a static exhibit.It had been planned for the locomotive to relocate to RailSchool, at the Royal Docks Heritage Railway in East London. This plan has now been abandoned.

Currently it is stored in an unserviceable condition at the Birmingham Railway Museum at Tyseley