If you asked me to quote for repairing a 19 year old PSU, I'd quote you a lot more than £200. If you then told me you'd 'had a go' at repairing it, I'd take whatever figure I'd just quoted and double it.
A product which has failed in service may be straightforward enough to repair, given schematics and a parts list. With experience, a technician should be able to work out which parts are likely to have inherently finite lives, or be under stresses that may cause them to fail.
Without the schematics it's a much harder job, as you need to try and reverse engineer the design before having a clue how it's supposed to behave. Alternatively just replace any parts that look likely candidates, such as electrolytic caps or power transistors, and hope for the best.
But if someone's already 'had a go'? Then you're in a whole world of hurt. Not only do you know the original fault wasn't trivial, you now need to deal with the fact that any of the components on the board might be incorrect, fitted backwards, poorly soldered, or have unrepaired damage underneath.
A repair technician is likely to have good practical soldering skills, can probably read a schematic, and will have experience with certain popular models of whatever it is he works on, but he's unlikely to be a genius power supply expert who can simply look at a board and spot the fault straight away.