Tag Archive for: Sari Hodgson

Sari Hodgson 2011 - Savage and Savage

A Way Forward

It is now seven months since we lost Sari, time has just flown by but at the same time her loss seems so fresh. And not just for me, many clients worked with Sari as their financial and business advisor for more than 30 years so we know you all miss her guidance and friendly face as much as we do in the office.

While we can never replace Sari’s personality and client knowledge we can replace her skills. That is something I have had a real focus on when looking for the right buyer for the business.

I was determined not to sell the business to the highest bidder, I wanted to find someone with the same ethos as Sari and me when it comes to putting clients and staff first. Some of you will have already met Susan Cooper who has been working from our offices for the last six weeks or so; I have decided that Susan is the right person for us to work with. I say ‘us’ because it is a decision I have made with advice and guidance from the staff at Savage & Savage.

Susan is a Chartered Accountant with her own sole-practitioner business – Susan Cooper Chartered Accountants. Susan’s business has a very similar client profile to ours and it has grown to the stage she needs some office support, something we can help her with. Susan and I have agreed on the terms of sale and we expect her to take over the business on  the 31st January 2024 with a new brand to be launched a month or so later. There are many details she needs to take care of, things like new branding, new website, new signage etc so she is going to take her time rather than rushing things at this time of the year.

Susan has also asked me to remain with the business to help her manage the process of combining the two  businesses, so I will still be hanging around the office every day. You are all very welcome to contact me if you have any queries about the sale process, but it is our intention to make everything as seamless as possible for clients, both ours and Susan’s.

Susan and I will be hosting some client functions in the new year so you will have the chance to meet her, and her clients can be introduced to our office and staff.

Sari’s passing was the end of an era for the Savage family as we move forward with a new owner for the business. I have established a small annual prize in her name for the top accounting student at Waimea College where her father and founder of Savage & Savage, Noel Savage, was the chairman of the board back in the 1960’s and where Sari and her brothers went to school. Supporting students is something Sari has done for many years and it is a privilege for me to be able to continue this support in a small way.

Thank you all for your kind words about Sari and your support over the last seven months, I appreciate so much.

Kind regards

Neil

Sari Hodgson FCA 1960-2023

Firstly, thank you to the many, many people who have sent cards, emails and texts to me and our staff acknowledging Sari’s sudden and unexpected passing in April and the contribution she made to so many businesses and community organisations over a lot of years.

As a Chartered Accountant Sari’s focus was always on her clients first, she always had a smile for them and always made sure they got the best advice possible. While I knew this, I have been humbled by the many emails I have received expressing how Sari changed people’s businesses and lives, how important she was to her clients and how much they trusted her wisdom and judgement.

It goes without saying we all miss Sari a lot. Her guidance as a mentor to many staff over the last 35+ years, her advice to clients (many of whom thought of Sari as a friend as well as a trusted adviser), her tax knowledge and her bright, welcoming personality will never be able to be replaced. However, as a business we do have plans for a future without her.

But before I talk about that many people will be wondering what happened to Sari.

She never hid the fact she was a type 1 diabetic, but she also never let it rule her life. She would often say ‘it lives in my house, I don’t live in its house’. Because she was diagnosed with diabetes when she was just three years old she didn’t know any different and she just got on with life.

Her health issues in the last eight years stemmed from being prescribed methotrexate to help with the RSI pain in her hands. Unfortunately, this particular drug has a side effect she wasn’t aware of, Methotrexate Pneumonitis (pneumonia brought on by the drug) compromised her lung function. The result was she had only about 50% lung function since 2015 and this compromised her quality of life far more than her diabetes did.

Because of her compromised lung function we kept Sari at home to be safe from Covid, she was feeling as well as she had for some time and was getting ready to come back to the office at the end of May.

Sadly, as a result of the compromised lung function she had developed a clot in her lung that broke free and caused cardiac arrest.

Now and the future

To make sure we can provide the very best advice to our clients while also meeting the requirements of CA ANZ (Chartered Accountants Australia New Zealand) we have put a caretaker Chartered Accountant (Barry Signal CA) in place to check everything we do and sign off accounts etc. We have engaged the services of Geoff Falloon, a tax expert, to provide tax advice to our staff and clients. Both are people we have worked with before and who Sari had a lot of respect for.

Moving forward I intend to take care of our clients and staff in the same way Sari would have. While I have inherited this business I can’t own the firm and it remain a Chartered Accountancy business, something that was important to Sari.

I will need to sell it in due course but rather than selling a client and fee base to a larger firm, as we are seeing a lot of at the moment, I am looking for someone with the right experience and personality to buy the business over time. I will retain a small shareholding and the new person can just buy the business over a few years. I will also stay involved in the business, I’m not going to just sell it and walk away.

My hope is that this will give a younger person the opportunity to own an established business. Creating an opportunity for someone is something Sari would have wanted to do.

Another option is to merge with another small, client focused, Chartered Accountancy business that shares a similar sense of supporting our community.

First and foremost, I intend to make a decision with the help of our staff, sometime in the next few months, that is in the very best interests of our clients.

If you have any questions please feel free to contact me. I am in the office every day from about 8am until about 1.30pm or later as needed and can be contacted by email anytime.

Neil Hodgson

021-445-142

neil@savage.co.nz

Sari Hodgson Awarded FCA Status

Each year the Council of Chartered Accountants Australia and New Zealand recognises outstanding achievement in the profession of accountancy by awarding Fellowships to its members.

Fellowships, are awarded to members who are nominated by their peers for outstanding career achievement or contribution to the profession.

The 2019 awards are to be formally announced in a few days but we are able to share some fantastic news with you – Sari Hodgson, Director of Savage & Savage Limited, has been made a Fellow of CA ANZ this year.

The founder of Savage & Savage Chartered Accountants, Mr Noel Savage, was himself an FCA and Sari says she is proud to follow in her father’s footsteps. “I am also delighted to be able to help our clients succeed in business as well as contributing to our community whenever I can.”

Sari is a Past President of the Nelson Tasman Chamber of Commerce, was the Chair of the Bishop Suter Art Gallery Trust and guided the organisation through the process of changing from a private trust to a Council Controlled Organisation. Sari has been the Chair of the School of Business Advisory Committee at NMIT for more than fifteen years. She has also written several books aimed at helping small to medium businesses. She is a Rotary Paul Harris Fellow. She also supports many community organisations through Savage & Savage.

 

FELLOWSHIP CRITERIA
The member must have demonstrated excellence through:

1. Outstanding achievement in the profession of accountancy through his
or her career
And/or
2. Outstanding contribution to the profession of accountancy through
a. Service and participation with distinction to CA ANZ, ICAA or NZICA
or other organisations within the profession; and/or
b. Services to the community or business; and/or
c. Teaching, research and or writing within the field of accounting that
reflects positively on the profession.
The member may be nominated under criteria one, any part of criteria
two or a combination of these criteria.