Bristol is a small niche luxury car company. Their cars are built by hand to order for a small client base. They aren't going to diversify into building family hatchbacks or stick a Bristol grille onto a Toyota iQ. The only backup plan they could have was a huge pile of cash to see them through when their normal market goes through a dry spell like it is now. They aren't big enough to go begging for a hand out from the government like Jaguar-Land Rover. Like I said before, I'd rather they go out gracefully. Bristol's employees and directors probably feel the same - like Sid Lovesy, for instance, who started out with the company as an electrician in 1945 and was still working in 2008, but as a director, at the grand old age of 89. I doubt he'd want to see the Bristol badge on a mass produced piece of junk.
Some companies like Bristol just have their time and should be allowed to pass into history and remembered for what they stood for. I hope someone will step in to keep the restoration and servicing side of the company going to keep these cars on the road.