Mapeley Limited is a Guernsey-based outsourcing and property investment business. It was previously listed on the

London Stock Exchange London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Pa ...

and constituent of the

FTSE 250 Index The FTSE 250 Index ( "Footsie") is a capitalisation-weighted index consisting of the 101st to the 350th largest companies listed on the London Stock Exchange. Promotions and demotions to and from the index occur quarterly in March, June, Septemb ...

History

The company was founded in 1999. In 2001, it entered into an outsourcing contract with

HM Revenue & Customs , patch = , patchcaption = , logo = HM Revenue & Customs.svg , logocaption = , badge = , badgecaption = , flag = , flagcaption = , image_size = , co ...

. 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 Christian monks and nuns. The conce ...

and then leased them back again to

. Then in 2006 it secured a major outsourcing contract from the

Identity and Passport Service His Majesty's Passport Office (HMPO) is an agency of the Home Office in the United Kingdom. It provides passports for British nationals worldwide and was formed on 1 April 2006 as the Identity and Passport Service before being renamed HM Passp ...

Operations

The company has operations organised as follows: * Outsourcing - contracts with

HM Revenue & Customs , patch = , patchcaption = , logo = HM Revenue & Customs.svg , logocaption = , badge = , badgecaption = , flag = , flagcaption = , image_size = , co ...

and the

* Direct property investments - individual property portfolios

Ownership

Fortress Investment Group Fortress Investment Group is an American investment management firm based in New York City. Fortress was founded as a private equity firm in 1998 by Wes Edens, Rob Kauffman, and Randal Nardone. When Fortress launched on the NYSE in February ...

owns c. 51.4% of the company.Fortress tipped as likely bidder
/ref>

References

External links

Official site
{{Authority control Companies formerly listed on the London Stock Exchange Business services companies established in 1999 1999 establishments in British Overseas Territories