Mapeley
 | |
| Company type | Privately held company |
|---|---|
| Industry | Property |
| Founded | 1999 |
| Headquarters | Guernsey |
Key people | Wes Edens Chairman Mark J. Smith CEO |
| Revenue | £417.4 million (2007) |
| £(39.9) million (2007) | |
| £(124.9) million (2007) | |
| Website | www.mapeley.com |
Mapeley Limited is a Guernsey-based outsourcing and property investment business. It was previously listed on the London Stock Exchange and constituent of the FTSE 250 Index.
History
[edit]The company was founded in 1999. In 2001, it entered into an outsourcing contract with HM Revenue & Customs.[1] In 2000 it purchased a portfolio of properties from Abbey and then leased them back again to Abbey.[2] Then in 2006 it secured a major outsourcing contract from the Identity and Passport Service.[3]
The company was listed on the London Stock Exchange in 2005,[4] before being delisted in 2009 after facing significant headwinds and poor share price performance.[5]
Operations
[edit]The company has operations organised as follows:
- Outsourcing - contracts with HM Revenue & Customs, Abbey and the Identity and Passport Service
- Direct property investments - individual property portfolios
Ownership
[edit]The group is privately held, with Fortress Investment Group understood to be the largest shareholder.[5]
References
[edit]- ^ PFI: The STEPS Deal
- ^ Abbey timeline - 2000 Archived 2013-09-21 at the Wayback Machine
- ^ Mapeley wins lucrative contract
- ^ Turner, Sarah (16 June 2005). "Mapeley sets IPO offer price at GBP23 a share".
- ^ a b "Mapeley announces delisting, shares down 7 pct". Reuters. 19 February 2009.