Mapeley
Encyclopedia
Mapeley Limited is a leading Guernsey
-based outsourcing and property investment business. It was formerly listed on the London Stock Exchange
and constituent of the FTSE 250 Index
.
and then leased them back again to Abbey
. Then in 2006 it secured a major outsourcing contract from the Identity and Passport Service
.
Guernsey
Guernsey, officially the Bailiwick of Guernsey is a British Crown dependency in the English Channel off the coast of Normandy.The Bailiwick, as a governing entity, embraces not only all 10 parishes on the Island of Guernsey, but also the islands of Herm, Jethou, Burhou, and Lihou and their islet...
-based outsourcing and property investment business. It was formerly listed on the London Stock Exchange
London Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
and constituent of the FTSE 250 Index
FTSE 250 Index
The FTSE 250 Index is a capitalisation-weighted index consisting of the 101st to the 350th largest companies on the London Stock Exchange. Promotions to and demotions from the index take place quarterly in March, June, September and December...
.
History
The company was first established in 1999. In 2001 it entered into an outsourcing contract with HM Revenue & Customs. In 2000 it purchased a portfolio of properties from AbbeyAbbey (bank)
Abbey National plc was a UK-based bank and former building society, which latterly traded under the Abbey brand name. It became a wholly owned subsidiary of Grupo Santander of Spain in 2004, and was rebranded as Santander in January 2010, forming Santander UK along with the savings business of the...
and then leased them back again to Abbey
Abbey (bank)
Abbey National plc was a UK-based bank and former building society, which latterly traded under the Abbey brand name. It became a wholly owned subsidiary of Grupo Santander of Spain in 2004, and was rebranded as Santander in January 2010, forming Santander UK along with the savings business of the...
. Then in 2006 it secured a major outsourcing contract from the Identity and Passport Service
Identity and Passport Service
The Identity & Passport Service is an executive agency of the Home Office in the United Kingdom and became operational on 1 April 2006, succeeding the UK Passport Agency, after the passing of the Identity Cards Act 2006...
.
Operations
The company has operations organised as follows:- Outsourcing - contracts with HM Revenue & Customs, AbbeyAbbey (bank)Abbey National plc was a UK-based bank and former building society, which latterly traded under the Abbey brand name. It became a wholly owned subsidiary of Grupo Santander of Spain in 2004, and was rebranded as Santander in January 2010, forming Santander UK along with the savings business of the...
and the Identity and Passport ServiceIdentity and Passport ServiceThe Identity & Passport Service is an executive agency of the Home Office in the United Kingdom and became operational on 1 April 2006, succeeding the UK Passport Agency, after the passing of the Identity Cards Act 2006... - Direct property investments - individual property portfolios