Marussia latest: 200 jobs lost as F1 team stops trading

The Banbury-based marque was placed in administration last month

Max Chilton qualified 21st in the lone Marussia (Getty Images)

Marussia has officially gone out of business, with the loss of more than 200 jobs.

The Banbury-based marque was placed in administration on October 27 and despite stringent efforts over the last few days to find a buyer and keep the team afloat, they have ultimately come to nothing.

Geoff Rowley, joint administrator at FRP Advisory, said: "It goes without saying that it's deeply regrettable that a business with such a great following in Britain and worldwide has had to cease trading and close its doors."

PA