The all-female championship held its inaugural season in 2019 as part of the DTM’s support bill.
After the 2020 season was cancelled due to the COVID pandemic, the series returned, this time on the Formula 1 support bill.
It was forced to end the 2022 season early due to fundraising issues, with Jamie Chadwick securing her third consecutive title after the Singapore round last September.
The series had hoped to return in 2023, saying it was “extremely confident” there would be a fourth season.
But on Wednesday, Kevin Ley and Henry Shinners of Evelyn Partners LLP were appointed Joint Administrators.
Administrators said only one member of staff remained at the business and that they had also now been made redundant.
They also added that they will “explore all available options to allow the W Series to restart in the future.”
Source: Autosport