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On 6 January 2017, it was announced that Manor's parent company, Just Racing Services, had been placed into administration by administrators at FRP Advisory. On 27 January, Just Racing Services collapsed after failing to find a buyer.
The website is still up though! - http://www.manorracing.com/
It says on the website that they were unable to get everything nailed down
with a potential new investor in time. Reading between the lines, that's
what any potential investor would do: Come in, get the true financial
picture, let them go under, and pick them up for pennies on the pound.
Wouldn't be surprised if we haven't heard the last from Manor, albeit
with a new/different name and new set of investors.