Yes it is, because when a company goes into administration it indicates an inability to pay creditors. In the case of a construction company, in this case Buckingham Group, all construction work is done under project management in which all costs, time and materials, are carefully budgeted and reviewed at every stage. The fact it could not pay its tax bill and/or other creditors, such as suppliers, does give rise to the suspicion of skimping on materials or labour. I do not know the specific circumstance of this particular case, but you can read about it here:
Daily Mail
What generally happens is that a creditor owed money that is unforthcoming will petition the High Court - in this case I suspect HMRC - for a winding up order for non-payment. The Court appoints the Official Receiver who then passes the case onto one of the Administrators on its list of Insolvency Practitioners, usually at random. The Administrator takes over all aspects of the business in the hope of being able to find a buyer to take over the business and save jobs. In this case, the administrators managed to sell a small part of the engineering arm but otherwise, it would appear it then went into Compulsory Liquidation.
So the lack of sprinklers, following on from the Merseyside Fire Brigade report
could have been a cost-saving decision for Buckingham Group as they are quite expensive to install and the suspicion must arise of poor quality materials being used and safety measures skimped due to a lack of cash flow.
Thus, IMV, it is quite wrong for the Beds Fire & Rescue Service to say, 'Move along nothing to see here, it was just a simple electrical fault in a diesel car*', when people could have been killed or seriously injured and bearing in mind five personnel from the fire fighting unit were hospitalized because of noxious fumes.
*Yet they refuse to let us know what vehicle it was, together with the careful avoidance of mentioning EV's or Jaguar Land Rover, when they are obviously a factor, together with the sprinkler system not just being an oversight.