Although now firmly established amongst the F1 fraternity, the Caterham outfit are still looking for their first points-scoring result in the sport as they aim to break out from the rank of 'backmarker'.
The team, owned by Malaysian businessman Tony Fernandes and now based in Oxfordshire, were originally badged as Lotus Racing when they first ran in F1 in 2010 before becoming Team Lotus for 2011.
Another name change followed in late 2011 as the team successfully applied to be known as Caterham for the 2012 season, but there was further upheaval that winter when Jarno Trulli, having driven for Team Lotus the previous season, was dropped, despite appearing in the first pre-season test, in favour of Vitaly Petrov.
Having completed a move to the heart of F1's motorsport valley in Leafield over the summer break, hopes were high that 2012 would be the year that the team finally opened their points account.
However, a few exceptions aside - notably in Valencia where Heikki Kovalainen put the team in Q2 for the first time on pure performance in the dry - the hoped-for breakthrough into the midfield failed to materialise and the team actually ended the season having to fend off rejuvenated rivals Marussia as they clung on to tenth place in the Constructors' Championship - reputedly worth an additional £10 million in prize money.
Yet despite that fillip both for morale and their bank balance, the team's fourth season on the grid in 2013 proved to be an underwhelming - and largely unsuccessful - campaign.
After starting the season using an updated version of their 2012 charger following concerns about the legality of the exhaust on the CT02, Marussia were able to steal a critical march on their rivals. Whilst Caterham finished the year with the faster car, Jules Bianchi's 13th place in March's Malaysian GP ultimately proved insurmountable, leaving the Leafield outfit languishing at the bottom of the Constructors' Championship.
In 2014, the only way is up.