| Mapeley Limited | |
| Type: | Privately held company |
| Foundation: | 1999 |
| Location: | Guernsey |
| Key People: | Wes Edens Chairman Mark J. Smith CEO |
| Industry: | Property |
| Revenue: | £417.4 million (2007) |
| Operating Income: | £(39.9) million (2007) |
| Net Income: | £(124.9) million (2007) |
| Homepage: | 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.
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]
The company has operations organised as follows:
The group is privately held, with Fortress Investment Group understood to be the largest shareholder.