Better news is now emerging from Banbury, the UK headquarters of the embattled F1 backmarker Manor.

It was believed the team's doors could close within a week, but reports now suggest that administrators FRP have found a way to pay staff until the end of January.

"It means it has a week more than expected to find a buyer before having to consider whether to lay off staff," a BBC media report said.

FRP Advisory did not comment.

However, a separate report by the Reuters news agency said that talks with "interested parties" are already underway.