They have scaled back by quite a fair bit compared to a few years back, but are now seemingly returning a profit, according to some forum members. The only routes with any service after around 2100 are now the 14/A, 25/26, 38/A-88/A super-route as I call it, and the 54. Evening journeys on the 22 were surrendered to Centrebus. The 21A now cover Hamilton, 18/70 now combined into a circular route 18/19 via Hinckley Road, Cort Crescent and Narborough Road, but apart from that there has not been any real development in the last few years.
Yes, they still face competition from Centrebus on the Beaumont Leys route, on which Centrebus also offers a 10-minute headway, with one each hour extending to Loughborough via Woodhouse Eaves covering for the old 123 on contract.