Refund for pre-ordered item, and company has gone bust....

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I am sure I am flogging a dead horse now, but thought I would at least ask...

Back in Feb 2021 I pre-ordered an item that was due to be released (a board game) later that year, probably around September, 2021 I believe...

Anyway, with everything that has happened over the past couple of years, the game has been delayed, and delayed, and is now not going to be released until 2nd half of this year...

However, the company I pre-ordered with (and paid in full) has now gone bust, and it has been 15 months since I paid them...I take it I have zero recourse with anyone to get my £162 back? I paid using PayPal in Feb 2021, so I am guessing that I have basically lost that money now?

Thanks,
Kevin
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