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In May 2006 the route was curtailed at Kingston and replaced by a new, less frequent route 481, despite a protest by a local group to keep the service.
Upon being re-tendered, on 30 June 2007 the route passed to Arriva Guildford & West Surrey. The contract change also saw the route withdrawn from Penrhyn Road in Kingston, due to complaints from residents over the number of buses using the road. The replacement route is via Surbiton Road and Portsmouth Road.
On 3 October 2009, route 465 was included in the sale of Arriva Guildford & West Surrey's Horsham operation to Metrobus. It was the only Transport for London contract to be worked out of the company's Crawley garage.