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Whilst at [[Barry Scrapyard]] a shunting accident had derailed the locomotive, resulting in Woodham's cutting the centre driving wheels. She was purchased from Barry in 1980 by Leander Locomotive Limited as a source of spare parts for her sister engine. Both locomotives were purchased by [[Severn Valley Railway (Holdings) PLC | SVR(H)]] in November 1983 as part of the deal to acquire Leander. At that time Galatea was stored at Carnforth in ex-Barry condition, but in April 1987 space was no longer available at Carnforth and Galatea was moved to the SVR, still being regarded as no more than a source of parts.
In winter of 1994 the SVR(H) Board announced the sale of 45690 Leander to the family of Dr. Peter Beet and also of 45699 Galatea to another unnamed purchaser.<ref>SVR News 113</ref> Ownership subsequently passed to the North of England Historic Railway Trust Limited which was incorporated in 2002. {{As of| 20222023}} the owning Trust is chaired by West Coast Railways' David Smith.<ref>[https://find-and-update.company-information.service.gov.uk/company/04393170/filing-history Companies House]</ref> The locomotive returned to steam in 2014 on the main line. She was later withdrawn from main line service for her first preservation overhaul in March 2022 and she returned to main line service in January 2023.
In 2022 the pattern originally made to replace two cut driving wheels on Galatea was loaned by Tyseley Locomotive Works to the LMS Patriot Project, building replica LMS Patriot Class No. 5551 The Unknown Warrior<ref>[https://www.railadvent.co.uk/2022/03/new-supplier-for-steam-locomotive-5551-the-unknown-warriors-wheels-found.html Rail Advent 10 March 2022]</ref>.
