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This company failed in the 90s.
It's F1 approach was garbage, and it never recovered.
The closure is inevitable. Sad from a historical point of view, but if mgmt can't cope it, then the company fails and everyone moves on.
Will anyone REALLY miss them??? How many ppl remember buying their first Lola, or watching their favourite Lola driver win a grand prix or a rally??? OH no wait...
That's right, this company was just a supplier. Like Renard, Magnetti Marelli, or Carbon Composites. Would anyone miss them?
Honestly, in the end of it all, who cares?