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Peter William Laithwaite (born 1967) is an English business entrepreneur and technologist. According to the Bolton News, he made his personal fortune after selling Recover Healthcare in 2013. Laithwaite is the CEO of numerous businesses across the UK, including one that has pioneered new software which has helped redefine how expert medical evidence is procured, in the light of historic reforms made by the Ministry of Justice. Laithwaite won SME Business of the Year at the Bolton and Bury Business Awards in 2012.
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Early life
Laithwaite grew up in Astley Bridge, Bolton, where he attended Sharples High School.
Personal life
Laithwaite is married to Andrea and has two children, Harry (born 2005) and Olivia (born 2007). Laithwaite is a keen supporter of his childhood football club Bolton Wanderers.
Medico-legal
Laithwaite joined the medico-legal industry in 2004, taking an executive position at e-witness Limited in Leeds. Over the next four years the business merged with Medical Report Services and ultimately concluded in a sale to Premier Medical Group. He exited the business in December 2008 to pursue a new business venture.
In April 2009 Laithwaite set up Recover Healthcare Limited and React Medical Limited with Dr David Pearce. Both companies grew at a fast pace, managing thousands of personal injury claimants' medical and rehabilitation requirements. The companies gained a competitive edge by operating on bespoke cloud-based technology designed and written by an ‘in house’ team, headed up by Dr David Pearce.
This software was ‘ePIsource’, and was quickly commercialised, with the intellectual property held in iSaaS Technology Limited, a company incorporated in 2010. Both David and Peter were major shareholders, held a board position and played an active role in the development and success of the business.
In March 2013 shareholders of React Medical Limited, Recover Healthcare Limited and iSaaS Technology agreed to sell the companies to Quindell plc for a combined sum of circa £21 million. This consideration was made up of cash and Quindell plc shares based on the delivery of a warranted business plan. The warranted profits and cash collections were all exceeded, at which point Laithwaite and Pearce took the decision to leave the Quindell plc business to pursue a new venture.
In March 2015 they set up Qualitas Medical assurance, with a mission to radically change the way medical evidence is procured in the UK. Through the use of its bespoke software, the company has uniquely positioned itself to facilitate sweeping government reforms to the CPR. It is estimated there are 200,000 cases per annum processed by their software platform Nephex.
Panda Coffee Co
Laithwaite is also the owner of the high street coffee brand "Panda Coffee Co". The original coffee shop opened for business in a redeveloped period building in Bowkers Row, Bolton, in 2015, before the brand expanded across the North West of England.
Cube Construct
Laithwaite is the CEO of Cube Construct. The building contractor has grown rapidly since its inception in 2015 to become one of the largest construction firms in the North West of England.
Charity
Laithwaite's various business interests support community groups and charities in the region. These include Bolton Hospice and Bury Cricket Club.