When three new teams joined the grid in 2010, it was supposed to be a new era of Formula One.

But today, the axe has fallen on the last of those plucky upstarts and confined all three to motoring oblivion.

Manor – which started 2010 as Virgin Racing, then became Marussia Virgin Racing, Marussia F1 and Manor Marussia before its final form – closed for business today, making all 200+ staff redundant.

Manor ceasing trading today. No buyer has been found. Staff sent home, redundant close of business Tuesday

— Andrew Benson (@andrewbensonf1) January 27, 2017

The Manor F1 team has collapsed after administrators failed to find a buyer.

More: https://t.co/hZ19Vvklm4 pic.twitter.com/edr6rclCU5

— BBC Sport (@BBCSport) January 27, 2017

Of the three ‘new’ teams, Manor had been by far the most successful. Hispania folded in 2012 after scoring no points in three seasons. Lotus, which later became Caterham after a dispute over naming rights, went the same way in 2014, after scoring no points in five seasons and managing a best-race finish of 11th place.

By comparison, Manor’s three points looks like an impressive haul, with one point coming from Pascal Wehrlein in the 2016 season and the other two from the team’s Marussia days at the hands of emerging starlet Jules Bianchi.

Jules Bianchi during practice for the 2014 Monaco Grand Prix. Picture: David Davies PA Archive/PA Images

Sadly the then-Manor Marussia team also saw one of the darkest days in recent F1 memory when Bianchi aquaplaned off the Suzuka circuit at the 2014 Japanese Grand Prix and died when his car hit a recovery vehicle.

A two-point haul for the Sauber team in 2016 saw Manor lose out on 10th place and an associated £30m payout.

After entering administration on January 6, the company was unable to find a buyer and closed the doors at its Banbury factory this morning.

Goodbye, Manor – and thanks for everything.

Main image: Manor F1