Mapeley Limited was a
Guernsey
Guernsey ( ; Guernésiais: ''Guernési''; ) is the second-largest island in the Channel Islands, located west of the Cotentin Peninsula, Normandy. It is the largest island in the Bailiwick of Guernsey, which includes five other inhabited isl ...
-based outsourcing and property investment business. It was previously listed on the
London Stock Exchange
The London Stock Exchange (LSE) is a stock exchange based in London, England. the total market value of all companies trading on the LSE stood at US$3.42 trillion. Its current premises are situated in Paternoster Square close to St Paul's Cath ...
and constituent of the
FTSE 250 Index
The Financial Times Stock Exchange 250 Index, also called the FTSE 250 Index, FTSE 250, or, informally, the "Footsie 250" , is a stock market index that consists of the 101st to the 350th mid-cap blue chip companies listed on the London Stock ...
.
History
The company was founded in 1999. In 2001, it entered into an outsourcing contract with
HM Revenue & Customs
His Majesty's Revenue and Customs (commonly HM Revenue and Customs, or HMRC, and formerly Her Majesty's Revenue and Customs) is a Departments of the United Kingdom Government, department of the UK government responsible for the tax collectio ...
taking over 600 buildings and leasing them back to Inland Revenue under a
private finance initiative
The private finance initiative (PFI) was a United Kingdom government procurement policy aimed at creating "public–private partnerships" (PPPs) where private firms are contracted to complete and manage public projects. Initially launched in 1992 ...
(PFI) deal.
In 2000 it purchased a portfolio of properties from
Abbey
An abbey is a type of monastery used by members of a religious order under the governance of an abbot or abbess. Abbeys provide a complex of buildings and land for religious activities, work, and housing of Christians, Christian monks and nun ...
and then leased them back again to
Abbey
An abbey is a type of monastery used by members of a religious order under the governance of an abbot or abbess. Abbeys provide a complex of buildings and land for religious activities, work, and housing of Christians, Christian monks and nun ...
. Then in 2006 it secured a major outsourcing contract from the
Identity and Passport Service
His Majesty's Passport Office (HMPO) is a United Kingdom government agency. As a division of the Home Office (HO), it provides passports for British nationals worldwide. It was formed on 1 April 2006 as the Identity and Passport Service (IPS), ...
.
The company was listed on the
London Stock Exchange
The London Stock Exchange (LSE) is a stock exchange based in London, England. the total market value of all companies trading on the LSE stood at US$3.42 trillion. Its current premises are situated in Paternoster Square close to St Paul's Cath ...
in 2005, before being delisted in 2009 after facing significant headwinds and poor share price performance.
In 2023, the company was put into voluntary liquidation and FTI took charge as liquidators.
Operations
The company had operations organised as follows:
* Outsourcing - contracts with
HM Revenue & Customs
His Majesty's Revenue and Customs (commonly HM Revenue and Customs, or HMRC, and formerly Her Majesty's Revenue and Customs) is a Departments of the United Kingdom Government, department of the UK government responsible for the tax collectio ...
,
Abbey
An abbey is a type of monastery used by members of a religious order under the governance of an abbot or abbess. Abbeys provide a complex of buildings and land for religious activities, work, and housing of Christians, Christian monks and nun ...
and the
Identity and Passport Service
His Majesty's Passport Office (HMPO) is a United Kingdom government agency. As a division of the Home Office (HO), it provides passports for British nationals worldwide. It was formed on 1 April 2006 as the Identity and Passport Service (IPS), ...
* Direct property investments - individual property portfolios
References
{{Authority control
Companies formerly listed on the London Stock Exchange
Business services companies established in 1999
1999 establishments in British Overseas Territories