This invention relates to a downhole assembly and to a cutter assembly, and in particular to a downhole assembly including an apparatus for breaking up large-scale material which is present behind a drill bit, and to a cutter assembly for use in such a downhole assembly. The downhole assembly is suitably for use in a drillstring, the downhole assembly comprising a drill bit, a sensitive component, and at least one rotatable set of cutter blades located between the drill bit and the sensitive component.