The 86-year-old World Golf Hall of Famer made the decision after discussions with his wife, Mary, their family and his business partners, Ross Perrett and Tim Lobb. He has been involved in the design of more than 250 courses around the world.

“Due to my age and declining health, and in consultation with my family and two partners, Ross and Tim, I have decided to retire completely from the golf design businesses, Thomson Perrett in Melbourne, and Thomson, Perrett and Lobb in London,” said Thomson in a statement.

“I have encouraged Ross and Tim to continue with their golf design practices for ongoing projects, as well as creating new golf courses on their own long into the future. Henceforth, in London, Tim's company will be Lobb + Partners.

“In Melbourne, our company is more complex. Ross will continue the design work, as well as his managing directorship, whilst in the process of rebranding the company. This will be completed by the end of 2016, when he will advise his new company name.”

Peter Thomson during the Champions Challenge on the eve of the Open Championship at St Andrews last year. PHOTO: Andrew Redington/Getty Images.

Thomson also paid tribute to Perrett and his former design partner Mike Wolveridge.

“I have enjoyed a wonderful association with both Ross and Tim, as I did in the past with Michael Wolveridge,” he said.

“Together, over 51 years, we have embarked on many exciting projects in more than 30 countries, including Australia, New Zealand, the United Kingdom, Asia, the Middle East, and more recently Africa, bringing the game to regions previously without proper golf courses.

“This has given me much satisfaction as I reflect upon our achievements.

“My affection for all three of my partners is ongoing. I wish them well in the future, and I am sure our friendship will continue always.”

The Thomson name, whether it was with Perrett or Wolveridge, is synonymous with some of Australia’s highest profile and acclaimed courses including Links Hope Island, Hamilton Island, Moonah Links, The Capital course, The National Golf Club’s Ocean Course, Sandhurst, Twin Waters and in more recent times, Club Mandalay, Ballarat and Black Bull, near Yarrawonga.