Cambridge firm, Bactest Limited, who convert the activity of micro-organisms into meaningful data for businesses has ceased trading.
Bactest Limited, based at St John’s Innovation Centre on Cowley Road, entered administration on 9th May after failing to secure additional funding to keep the business functioning.
The business was formed in 2001, had 126 investor shareholders and employed 14 staff. All staff have been made redundant.
Lee De’ath and David Elliott from CVR have been appointed as administrators to sell Bactest Limited’s assets.
These include high-tech products including the Speedy Breedy which is a respirometer that measures how bacteria grows.
Another product for sale is a device called Shepherd that monitors the biochemical changes in sludge processes, with the outputs helping companies to reduce aeration costs and carbon footprint.
The other product being sold is called Sea Sure, which tests ballast water in ships so ship owners can monitor the cleanliness of treated water that is used to stabilise ships and improve their manoeuvrability.
CVR’s Lee De’ath, said: “Bactest Limited has invested around £5 million in creating products that are market-leading because of their proven ability to deliver unrivalled levels of detail for some big companies, particularly within the water sector.
“Unfortunately the company’s turnover was far outweighed by the amount of investment required for the business to develop and commercialise other products that were in the pipeline.
“The business applied for another round of funding earlier this year, which was not successful and as such was no longer able to continue trading.
“We are hopeful of securing a sale for the company’s remaining assets in the near future, so would urge any interested parties to contacts us as soon as possible.”
For more information about Bactest Limited’s assets email LDeath@cvr.global