London’s river bus service will be suspended until further notice, the company’s CEO announced on Thursday.

Sean Collins, who also co-founded Thames Clippers which operates the service for Transport for London, said the decision was made due to dwindling passenger numbers and government advice.

“This decision has not been taken lightly. However, at this time, as a privately owned business, it is no longer viable for us to continue to run our services,” Mr Collins announced Thursday.

“Over the past week, services have been increasingly reduced to keep in line with the latest travel guidance, whilst being mindful of doing all that was possible to continue to support those Thames Clippers customers for whom commuting to work is critical.

“We continue to closely monitor the situation, and will reinstate our service to keep London moving as soon as it is safe to do so.”

The service will continue to run until Saturday.

It comes less than a week after the company announced it would still run a heavily reduced schedule.

More than 4.3 million passengers used the service last year, with the fleet consisting of 20 vessels.

The firm has asked season ticket holders to visit for full details of the move.