British sports car manufacturer Zenos Cars has gone into administration.
The company, which was formed in 2012 by a group of former Lotus employees, said that order numbers had fallen recently, and blamed a number of cancelled export orders at the end of last year on a funding shortfall.
In a statement, it said: "Zenos Cars Limited has appointed Irvin Cohen and Gary Shankland of Begbies Traynor (London) LLP as Joint Administrators of the Company, following a recent downturn in trade.
"The appointment was made by the Board of Directors of the Company on 16 January 2017 after cancelled export orders in late 2016 resulted in a shortfall in funding, forcing the business to cease trading."
The company's range included the E10, E10 S and E10 R, which were all based on the same chassis and used Ford engines. Prices ranged from £27,000 to £40,000.
Last year, Zenos announced that it had filled its order slots for 2016 and was taking orders for its 2017 build slots.
Plans were in place to expand the range, too. A new soft-top model dubbed E11 was in the works as well as a hard-roofed coupe model called E12.