HIP provider OpenBook forced to close

27 August 2008

OpenBook is the second HIP provider to meet its demise in the space of a fortnight following the news last week that Hipstar has been placed into administration.

OpenBook has until now touted itself as a pioneer in HIP provision, as it has been supplying sellers’ packs to clients since 1996.

The HIP provider also took part in the government's Bristol pilot scheme in 1999 and presented on the subject to the Cross Party Parliamentary Select Committee and the House of Lords in 2005.

Gerard Buckley, chief executive of OpenBook, says: “Regrettably, due to difficult market conditions, OpenBook will cease taking HIP orders from Friday August 29. All HIP orders up until this date will be delivered.”

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