Fone Logistics founder Ian Gillespie has restructured the business by creating a new company, which will take on FoneLog's name and trading assets.
The move is aimed at providing long term security for the business and its 75 employees, according to md Ian Gillespie.
Gillespie said: “It is not a secret that, for some years, the corporate structure of Fone Logistics has been out of kilter with where the business is at in its performance, and with our future aspirations for it.
"The structure that has been in place has held us back to some degree but this transaction resolves this and will allow us to kick on and do the things we want to do.'
Gillespie plans to take a greater role in the running of the business under the new structure.
He said: '“The plan three years ago was for me to take more of a back seat in the day-to-day running of the business but since then, with my reacquisition of the share capital and the economic climate the way it is, things have changed. So, for the future well-being of the company and its employees we have performed this transaction to improve our position and create greater stability.
“Our network partners, suppliers, customers and employees have been extremely supportive over the restructure and I would like thank them for all their help.”