Despite being restored in 1879, the body of the church was demolished in 1887 under the Union of Benefices Act. The site was sold for £22,400 and the proceeds used to build St Olave's Manor House. The dead were disinterred and their remains moved to City of London Cemetery, Manor Park, the parish combined with that of St Margaret Lothbury, and the furnishings dispersed to several other churches. The reredos, font cover and other wooden furnishings and plate went to St Margaret Lothbury; the royal arms went to St Andrew-by-the-Wardrobe; the clock went to St Olave Hart Street; the pulpit and baptismal font went to St Olave's Manor House; and the organ went to Christchurch in Penge. The tower, west wall and part of the north wall were kept and incorporated into a new building which included a rectory for St Margaret Lothbury. This was replaced in 1986 by an office building, in a sympathetic style, designed by the firm of architects Swanke, Hayden, Connell. The churchyard survives as the courtyard to the office building.