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]
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]
Fortress Investment Group owns c. 51.4% of the company.[4]