Mapeley

The company was founded in 1999. In 2001, it entered into an outsourcing contract with HM Revenue & Customs taking over 600 buildings and leasing them back to Inland Revenue under a private finance initiative (PFI) deal.^[1][2]

In 2000 it purchased a portfolio of properties from Abbey and then leased them back again to Abbey.^[3] Then in 2006 it secured a major outsourcing contract from the Identity and Passport Service.^[4][5]

The company was listed on the London Stock Exchange in 2005,^[6] before being delisted in 2009 after facing significant headwinds and poor share price performance.^[7][8]

In 2023, the company was put into voluntary liquidation and FTI took charge as liquidators.^[9]

The company had operations organised as follows:

• Outsourcing - contracts with HM Revenue & Customs, Abbey and the Identity and Passport Service
• Direct property investments - individual property portfolios