They played two seasons in the Liga ASOBAL and their home court was the Palacio Vistalegre.

Jesús Gil disbanded the team in 1992, but it still competed as Atlético de Madrid Alcobendas for two more seasons under the management of some stockholders before finally disappearing in 1994.

Los Colchoneros welcomed handball back into their organization in 2011, formally known as BM Ciudad Real, which folded and relocated to Madrid for financial reasons.

The new team started off quite successfully, beating FC Barcelona Handbol 33–26 in the Supercup match in August 2011.

[1] In July 2013, the club announced the shutdown of BM Neptuno/Atletico de Madrid due to little financial support received from public and private entities.