Mohsin and Zuber Issa were shareholders in Asda together until 2024.

Profit at the property empire co-founded by a billionaire backer of supermarket giant Asda spiked to a new record in 2024, it has been revealed.

Monte Blackburn was set up by brothers Mohsin and Zuber Issa in 2016 and has a number of property interests across the North West of England.

The billionaire brothers, who also set up EG Group together in Blackburn, were both previously co-owners of Asda alongside TDR Capital and Walmart before Zuber sold his shares to the private equity firm in 2024.

Now, new accounts filed with Companies House for their property business show its pre-tax profit jumped from £13.9m to £60.2m during its latest financial year.

Over the same period, the firm’s turnover also increased from £

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