Red Bull is feeling upbeat after Silverstone, but Christian Horner believes they will face increasing competition in the fight for the world championship.
The Milton Keynes-based outfit had struggled on high-speed front-limited tracks prior to the British Grand Prix, so it feels encouraged by Sebastian Vettel's near miss this past weekend.
Team principal Christian Horner says there is reason to be positive over their performance at Silverstone, but is mindful of teams like Mercedes starting to breathe down their neck.
"We have learned a bit and we probably ran a better set-up at the weekend," said Horner.
"We looked competitive on the long runs so we take encouragement from that.
"Certainly at Barcelona we were nowhere near Ferrari's pace, but here [at Silverstone] we had them covered and we were on the same pace as Mercedes by the looks of things."
While Red Bull were clearly the fastest car in the early stages of the season, it appears as if teams like Mercedes are starting to more than hold their own.
Horner reckons this season is shaping up to more than just a two-horse race.
Asked by AUTOSPORT if he felt Mercedes could be a genuine threat, he replied: "For sure. I think they are a good team; they have a quick car, they have good drivers.
"They will for sure be a contender from now until the end of the year.
"But so are Ferrari, and so are Lotus. There is still a long way to go in this championship."