Over the last two years we have not had a positive view of Twino. Why? Their financial results were alarmingly poor. Their auditors expressed doubts about their ability to continue as a going concern. However, following a huge restructuring, and the closure of unsuccessful locations, Twino reported much better financial results for 2018. Profits went from a €13m loss, to a €4m profit. The balance sheet position also improved. Hopefully this improving trend can be continued.
For the first time in two years, we now think that Twino is a viable proposition for an investor looking to allocate a small part of their P2P portfolio to a second or third site.