The Manor Formula One team faces closure ahead of the 2017 season after new investment could not be found to save the British outfit.
The team's parent company Just Racing Services entered administration earlier this month, with a deadline of January 31 to find a new buyer. Despite talks with interested parties, administrator FRP Advisory released a statement on Friday saying the Formula One team had ceased trading.
However, Manor Grand Prix Racing Ltd, which holds the rights for the team's participation in F1, is not in administration.
"During recent months, the senior management team have worked tirelessly to bring new investment to the team to secure its long term future, but regrettably were been unable to do so within the time available and were left with no alternative but to place JRSL into administration to protect the best interests of the underlying businesses and in order to continue a search for a buyer," the statement said.