Cellularevolution Limited - Administration

Cellularevolution Limited known as CellRev, a Newcastle biotech company, entered administration on 12 August, with Ed Connell and Michael Kienlen of Armstrong Watson appointed joint administrators.

The start-up had aimed to address issues in the production of “clean meat”. It raised significant funding from CPT Capital, Northstar Ventures and others, and formed a joint venture with BSF Enterprise. However, in late 2024, BSF announced that it was abandoning the joint venture with CellRev.

The joint administrators are working with Hilco Valuation Services to realise the assets of the company.