TM Travel was founded in November 1995 by former Hulleys of Baslow employee Tim Watts.

[1] The company moved into scheduled bus service operation in 1999, winning a contract from Derbyshire County Council.

[2] In October 2015, the company was given a formal warning by the Deputy Travel Commissioner over the performance of its services.

The firm stated the single biggest problem with timetabling was with buses leaving Sheffield Interchange.

[4] As of June 2024, TM Travel operates 30 services around Sheffield, Chesterfield and the surrounding areas.