Thanks for your experienced advice Jerrold. Invaluable to speak to someone who has this knowledge. Really appreciate you taking the time to respond to my problem.
Update: I took it to a repairer who had a look, found a number of dry joints in the preamp circuitry and a few other things that were either about to go wrong or contributing to this particular problem (sorry, he did tell me but I'm no tech-head) and the amp is now working fine again. Cost was under £50. Phew!!
And an update on Ampeg: The UK distributor (LOUD Tech) replied to me yesterday. I must state here that their response was very good and very helpful. They have restored my faith in humanity (and Ampeg). Well done Ampeg, I still love you!
On reading many other posts on here over the last few days, even though my particular head is considered by many as not being a genuine Ampeg model, I will say that the 350H has always delivered for me. I've owned many amps over the years from Trace Elliots, an old HiWatt through to a lovely early '70's Fender Bassman stack - all of them valve bass amps - which I ultimately think sound better than the solid state stuff (personal taste) but if you're gigging all the time you've really got to look after them very very carefully and I went for the solid state 350H for live use purely because it could be slung in the back of the van at the end of the gig and didn't need to be treated like a new born baby... to a certain extent! I loved the look of the Ampeg stuff and didn't want that flashing light 'Close Encounters' look of some of the other solid state/rack mounted equipment on the market.
I've used it in various outfits with my 810E cab from a three piece Cream/Experience/Beck Bogert Appice type '70's rock band, through a five piece hard rock band with 2 guitarists each using 4x12 Marshalls stacks to one of my current bands where everything is mic'd up (so I only use my 410HE). Even in theatre session work for an Elvis Tribute Artiste! If EQ'd properly and hooked up to a 'real' Ampeg cab and using a decent instrument it can deliver so much oomph I've had the two 4x12 Marshall wielding guitarists asking me to turn down! Which is always nice
Ampegs are great in my opinion and for the price, the 350H has been a bargain for me and has done at least 500 gigs without stopping for breathe until now which has got to say something about the quality of what in essence is a budget product from them.
Anyway, Thanks to everyone who responded. Hope I can return the favour some time