INDEX / DIRECTORY / NOTHING TECHNOLOGY / ECONOMIC

Nothing Technology ECONOMIC

ECONOMIC AUDIT UPDATED 2026-08-28
Economic Score 3.50 /10 D Nothing Technology - Complicity Index 292
Economic 3.50

Evidence-only forensic audit. Scoring happens downstream - see the main dossier for the composite assessment.

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Supply Chain & Sourcing Relationships

No public evidence identified of direct procurement by Nothing from Israeli agricultural exporters, agricultural aggregators, Israeli-origin produce suppliers, or recurring seasonal suppliers.

No public evidence identified of third-party Israeli product sourcing or a white-label arrangement involving Israeli-origin goods.

Nothing’s Israel-facing materials demonstrate product marketing and support availability, but they do not name an Israeli distributor, importer of record, fulfilment provider, repair contractor, office, or warehouse 1, 2.

The available public materials do not provide a supplier register, procurement disclosures, country-of-origin sourcing data, or a complete group-entity list that would permit a fuller supply-chain assessment 2, 3.

Product Origin, Labeling & Regulatory Compliance

Nothing operates an Israel-localised, English-language storefront that identifies the store country as Israel and presents Nothing phones, audio products, and CMF-branded products for that market 1.

The Israel storefront provides a Nothing-branded after-sales page covering repair and replacement support, including a contact channel for distributors and operators 2.

No public evidence identified of Nothing products originating in Israeli settlements, settlement-origin labelling allegations, customs findings, DEFRA findings, or other regulatory enforcement related to such origin.

No public evidence identified of a Nothing corporate policy specifically addressing sourcing from, sales in, or labelling of products from occupied or contested territories.

No public evidence identified of Nothing-operated or officially identified reseller activity in West Bank settlements, East Jerusalem settlements, or the Golan Heights.

The absence of an identified official Israeli dealer directory means that third-party downstream resale in those locations cannot be confirmed or excluded 1, 2.

Investment, Capital & Financial Exposure

Nothing Technology Limited is an active private limited company incorporated in England and Wales on 29 October 2020 under company number 12984564 4.

Its Companies House record gives a London registered office and SIC code 47430, covering retail sale of audio and video equipment in specialised stores 4.

Nothing’s Community Investment page states that it has raised over US$450 million from Tiger Global, GV, EQT, Highland Europe, Qualcomm Ventures, and other investors 5.

The same page states that its US$200 million Series C closed in September at a US$1.3 billion valuation, while not disclosing ownership percentages, voting rights, or a parent-company relationship 5.

No public evidence identified of direct investment by Nothing in Israel or the occupied territories, including an acquisition, factory, data centre, logistics hub, real-estate holding, R&D site, Israeli subsidiary, or controlling stake in an Israeli operating company.

No public evidence identified of Israeli sovereign-bond, Israel Bonds, Israeli-fund, or Israeli-company portfolio holdings disclosed by Nothing.

Nothing is recorded as a retail business rather than a financial-sector institution in the reviewed UK corporate record 4.

Operational Presence & Market Activity

Nothing’s Israel-localised storefront constitutes current market-directed online activity for Israeli consumers, as accessed in August 2026 1.

The storefront and support page do not disclose the seller of record, importer of record, customs declarant, delivery footprint, local service contractor, or workforce supporting Israel-market activity 1, 2.

No public evidence identified of a Nothing-operated Israeli retail store, office, warehouse, support centre, tax registration, R&D facility, technology partnership, accelerator, or named official Israeli distributor.

Nothing’s sales terms identify Nothing Technology Limited as the seller and refer generally to its “subsidiaries and affiliates,” without naming entities used for Israel-market sales or imports 3.

No public evidence identified of Israel-specific revenue, profit attribution, tax payments, workforce scale, or an industry or government assessment identifying Nothing as a significant Israeli economic actor.

Corporate Structure & Foundational Ties

Nothing Technology Limited’s current registered office is Willings House, 356–364 Gray’s Inn Road, London, England, WC1X 8BH 4.

Companies House records the move to that address as effective 11 August 2026, while Nothing’s sales terms updated on 26 June 2025 listed the prior Bedford House address in London 4, 6, 3.

The company was incorporated with amended model articles and an initial statement of capital of GBP1 on 29 October 2020 6.

Companies House lists Carl Pei as a current director appointed on 29 October 2020, and lists David Sanmartin Garcia and Timothy Bruce Warren Holbrow as former directors 7.

The current PSC register identifies Carl Yu Pei as the sole active person with significant influence or control, notified on 29 October 2020 8.

The PSC register does not state Carl Yu Pei’s current percentage shareholding 8.

The register records that previously reported control through at least 75% of shares, at least 75% of voting rights, and the right to appoint or remove directors ceased on 9 February 2021 8.

That cessation should not be interpreted as proof that Carl Yu Pei holds no current material shareholding, because the current PSC entry identifies significant influence or control without disclosing present ownership percentages 8.

No public evidence identified in the reviewed corporate records that Nothing was founded in Israel, has an Israeli legal domicile, is Israeli tax resident, holds Israeli Preferred Technology Enterprise status, or is controlled by Israeli capital.

No public evidence identified of an Israeli operating subsidiary, acquired Israeli company, Israeli parent entity, Israeli state ownership, government board appointments, government contracts, or critical-infrastructure designation.

The official materials reviewed do not identify a publicly disclosed parent undertaking or provide a complete subsidiary list 3, 5.

The 2023 OHCHR settlement-business database and the 2025 UN Human Rights Council report do not mention Nothing Technology in the supplied document review, which is a document-scoped finding rather than evidence of future or comprehensive absence 9, 10.

Profit Repatriation & Economic Contribution

No public evidence identified of Israel-specific revenue, profit repatriation flows, profit attribution, tax payments, or workforce-scale disclosures by Nothing.

Nothing’s private-company status and the reviewed public materials do not provide country-by-country revenue, tax, procurement, supplier, or beneficial-ownership reporting 4, 3, 5.

The Israel-localised storefront supports an inference of market-directed commercial availability, but the reviewed materials do not disclose the legal sales entity, local margin allocation, tax treatment, or destination of profits associated with Israeli sales 1, 2, 3.

Footnotes

  1. https://il.nothing.tech/ ↩ ↩2 ↩3 ↩4 ↩5 ↩6

  2. https://il.nothing.tech/pages/support-after-sales-service ↩ ↩2 ↩3 ↩4 ↩5 ↩6

  3. https://nothing.tech/pages/terms-of-sales ↩ ↩2 ↩3 ↩4 ↩5 ↩6

  4. https://find-and-update.company-information.service.gov.uk/company/12984564 ↩ ↩2 ↩3 ↩4 ↩5 ↩6

  5. https://intl.nothing.tech/community-investment-3 ↩ ↩2 ↩3 ↩4

  6. https://find-and-update.company-information.service.gov.uk/company/12984564/filing-history ↩ ↩2

  7. https://find-and-update.company-information.service.gov.uk/company/12984564/officers ↩

  8. https://find-and-update.company-information.service.gov.uk/company/12984564/persons-with-significant-control ↩ ↩2 ↩3 ↩4

  9. https://docs.un.org/en/A/HRC/59/23 ↩

  10. https://docs.un.org/en/A/HRC/53/24 ↩