The apocalypse is now for Australia’s builders and subcontractors.

And with the nation’s construction frontline entering a new danger zone that will likely render more balance sheets unable to buffer the prevailing perfect storm, the industry is bracing for more dark days ahead.

Insolvencies across the embattled sector are on track to hit their highest level in a decade over the coming months and nobody can say for sure that the seemingly endless tide of company collapses won’t keep rising.