M&E firm J S Wright collapsed owing £19m

Midlands mechanical and electrical specialist J S Wright went down owing £19m to creditors.
The employee-owned contractor, which worked on several London high-rise residential schemes including Grenfell, collapsed into administration last month after being hit by cost inflation and reduced payment on its jobs.
According to a report from administrators FRP, trade creditors and suppliers are unlikely to see any of the £11.4m they are owed.The firm’s bank and loan note holders are