Nothing fails to file accounts months after dissolution threat
Smartphone maker Nothing is still showing overdue accounts months after escaping compulsory dissolution, CityAM can reveal, raising questions over the governance of one of Britain’s fastest-growing tech firms.
The London-based consumer electronics maker narrowly avoided being struck off the UK company register earlier this year after Companies House launched compulsory strike-off proceedings over missed statutory filings.
CityAM first revealed the threat in March, after the registrar issued a First Gazette notice warning that Nothing Technology could be dissolved unless it remedied the issue.
According to new Companies House filings, the strike-off process has been formally discontinued after the company showed “cause” why it should remain on the register, allowing the business to continue trading.
However, despite dodging dissolution, Companies House still lists the firm’s accounts for the year ending 31 December 2024 as overdue.
The accounts were due to be filed by 31 December 2025, meaning the company remains months behind its statutory filing deadline.
Had the strike-off process continued, Nothing would have ceased to exist as a UK company, with any remaining assets passing to the Crown under bona vacantia rules.
When CityAM reported the issue in March, Nothing attributed the matter to a paperwork delay, insisting it had no impact on the company’s operations or wider corporate structure and that it was working with Companies House to resolve the matter.
CityAM has approached Nothing for comment.
Nothing pushes on despite paperwork stumble
The filing issue comes during a period of rapid expansion for one of Britain’s highest-profile consumer tech startups.
Founded by former Oneplus executive Carl Pei back in 2020, Nothing has spent the past year doubling down on its ambition to challenge Apple and Samsung with design-led smartphones and consumer electronics.
The company recently unveiled its Phone (4a) and Phone (4a) Pro handsets alongside its and Headphone (a), while Pei has said Nothing surpassed $1bn in lifetime sales and raised more than $200m (£150m) to fund its next stage of growth.
Speaking earlier this year, Pei said the company was deliberately resisting the industry’s annual flagship upgrade cycle, arguing: “We’re not just going to churn out a flagship phone every year.”
He said Nothing has now surpassed $1bn in lifetime sales, and raised over $200m from investors.
Instead, Nothing is betting that its distinctive industrial design and growing AI capabilities will differentiate it in an increasingly crowded smartphone market.
The governance issue nevertheless represented an unusual administrative hiccup for one of the UK’s fastest-growing tech companies.
Corporate filings previously reviewed by CityAM also showed boardroom changes over the last year, including the departure of director Timothy Bruce Warren Holbrow in October 2025.
With the strike-off proceedings now formally withdrawn, the company remains active on the Companies House register and free to continue its expansion plans.