Financial Information

Central invoicing is available on selected Partner Suppliers where you will be invoiced directly from TGI Golf.

These Partner Suppliers are…

• Galvin Green
• Peter Millar
• Ivanhoe
• Rohnisch
• Garmin
• Two Thumb (Clere Golf)
• Max Golf Protein
• XPOS
• Worldwide Golf Brands (OJ)

Any partner wishing to be included within this arrangement must have a Direct Debit in place with TGI. The above suppliers have indicated that the terms agreed are available to central invoicing customers only i.e. they will not supply to any partner individually.

• Ordering and Invoicing Process
• Pro order goods directly from Partner Suppliers
• Goods delivered directly to Pro
• Supplier invoice sent direct to TGI
• Depending on the due date for payment (see below), TGI will send to each Pro a consolidated fortnightly invoice
• Pro to check invoice details and report to TGI any discrepancies within 7 days of receiving invoice
• Assuming no discrepancies payment will be collected by direct debit

• There are two invoicing and collection dates per month:
• First Invoice/Payment example: Supplier invoices received from the 1st to the 15th of the month, e.g. March will appear on the consolidated TGI invoice dated the 16th of March. In order to take advantage of any early settlement discount (see above), payment will be taken from your bank account on the 10th day of the following month, i.e. 10th of April which is approximately 30-day settlement.
• Second Invoice / Payment example: Supplier invoices received from the 15th to 31st of the month, e.g. March will appear on the consolidated TGI invoice dated 31st of March. In order to take advantage of any early settlement discount (see above), payment will be taken from your bank account on the 24th day of the following month, i.e. 24th of April which is again approximately a 30-day settlement.

TGI Golf works closely with our Partner Suppliers to ensure that all bills are paid and Partners rarely fall into arrears.

However, there are of course, times when Partners are unable to pay bills for a variety of reasons. If that is the case, then please contact TGI Golf and we’ll do everything we can to assist.

Generally, a telephone call is sufficient to clear up the situation, but there have been cases over the years where it is not, and this is not fair to those Partners who do pay in full and on time and can harm the reputation of our Partnership.

Therefore, should a Partner fail to settle bills appropriately, the below procedures will be followed.

Stage 1: If we are advised by a Partner Supplier that a Partner is in arrears with payment, he/she will be contacted by TGI Head Office by telephone or e-mail to discuss.

If after further discussion with the supplier the explanation is found to be satisfactory, no further action is required.

If explanation is unsatisfactory, the Partner will be given 10 days to pay and a verbal warning.

Stage 2: If a Partner does not pay within the 10 days or if they are a frequent offender, then a formal written warning will be provided, and a meeting arranged with the Partner concerned to seek an agreement on payments to suppliers.

If the explanation given is not satisfactory and if no agreement can be reached on a payment plan or otherwise, then Stage 3 of the Disciplinary Proceedings will be invoked.

Stage 3: Written review of case to be provided to TGI Board by Managing Director with recommendation as to future course of action.

Board to decide on action to be taken. This may range from…

1. Giving partner more time to put their affairs in order (and monitoring progress)
2. Imposing a fine
3. Rescinding of Partnership and advising our Partner Suppliers accordingly
4. To require the Partner to transfer their Partner Shares in TGI as a Bad Leaver in accordance with Article 46 of the TGI Articles.